Indian Overseas Bank · tone and specificity signals across the available quarters.
Language signals
We do not want to do any loss making business. It's very clear. And for us... at what pricing we are doing just for the sake of increasing corporate growth at sub 7% rate of interest. We are certainly not interested into that.
The consistency is hallmark of IOB and going forward also I can assure you on behalf of the entire IOB that the same type of consistency will be visible going forward.
I am very happy to share this information with all of you that those accumulated losses have been made nil by way of internal approval of net profit plus netting of by share premium and in this financial year we will be very happy to announce dividend.
The bank has reached a new milestone of recording an all-time high of net profit rupees 1,226 crores for the quarter with 57.79% year-on-year increase.
I can very safely say that against guidance of 12% we will be very comfortable in 17 or 18% of growth that we can foresee.
We do not intend to allow any account to go to SMA 2 level. So that way we are focusing on it and most of the accounts are getting regularized at SMA0 or SMA1 level.
Bank has reached a new milestone by reaching all-time high quarterly net profit of 1355 cr for this quarter with a 56.18% year-on-year increase.
We are not in the business of lending at 6% or 6 and a half. So wherever we are getting good value we are lending there only.
Our objective and aim is to be known as a bank which consistently perform... we are more focused on that.