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‘MCLR-linked loans to account for 54% of our book by year-end’
Financial Express Mumbai
|October 17, 2025
Indian Overseas Bank has reported a ₹1,000-crore-plus profit for the third consecutive quarter.MD and CEO Ajay Kumar Srivastava tells Narayanan V about the key drivers behind this growth, the bank’s shift towards high-margin loans, and its preparedness to meet the expected credit loss (ECL) framework.
Excerpts:
Deposit growth lagged at 9% even as advances rose 21% in Q2.
Deposit growth should ideally be in line with credit growth, but that is not happening for the last six-seven quarters. Credit growth is essential — without it, there’s no income or profitability. To bridge the gap between credit and deposit growth, we are borrowing from the market. We also get refinancing from Sidbi and Nabard at affordable rates. Through these measures, we are meeting our credit requirements and maintaining our credit-to-deposit ratio in the 80-85% range.
What is your strategy to increase deposits?
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FLERE HISTORIER FRA Financial Express Mumbai
Financial Express Mumbai
Real money out, social gaming in this Diwali
IF YOU'RE A card game enthusiast (even if you're not, considering it's Diwali), you'd have surely come across a banner put up across websites of some of the most popular online gaming platforms, be it RummyCircle, PokerBaazi orAdda52, saying, \"Cash games and deposits have been discontinued/are no longer available\".
3 mins
October 18, 2025
Financial Express Mumbai
Sebi reconstitutes AIPAC; focus now on accreditation
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1 mins
October 18, 2025
Financial Express Mumbai
Jio PAT rises 3.78% in Q2
RELIANCE INDUSTRIES SUBSIDIARY Jio Platforms (JPL) on Friday posted a 3.78% rise in its net profit during the September quarter on the back of sequential rise in average revenue per user (Arpu) and uptick in data consumption.
2 mins
October 18, 2025
Financial Express Mumbai
Civilising innovation: Tech policy challenge
The challenge is not adopting technology faster, but ensuring society, policy, and culture evolve fast enough to stay human
4 mins
October 18, 2025
Financial Express Mumbai
Bol profit up 7.6%; provisions fall, asset quality improves
BANK OFINDIA (BoI) on Friday reported a 7.6% rise in its net profit to ₹2,554 crore for the September quarter, aided by a sharp fall in provisions and an improvement in the asset quality.
1 min
October 18, 2025
Financial Express Mumbai
Office leasing in top 7 cities rises 28% during Jan-Sept: JLL
NET LEASING OF office space increased 28% to nearly 40 million sq ft during the January-September period across top seven cities on better demand, according to JLL India.
1 min
October 18, 2025
Financial Express Mumbai
Trump says 100% tariffs on China not sustainable
US PRESIDENT Donald Trump said his proposed 100% tariff on goods from China would not be sustainable but blamed China for the latest impasse in trade talks that began with Beijing tightening control over its rare earth exports.
1 min
October 18, 2025
Financial Express Mumbai
Belgian court clears Choksi's extradition
A COURT IN Antwerp on Friday cleared the extradition of fugitive diamantaire Mehul Choksi, noting that his arrest by the Belgian authorities on India's request was valid, officials in the know said.
1 min
October 18, 2025
Financial Express Mumbai
Take a loan against your FD to clear your credit card dues
YOUR QUERIES: LOANS
2 mins
October 18, 2025
Financial Express Mumbai
Advance pricing pacts hit new high of 174 in FY25
THE CENTRAL BOARD of Direct Taxes (CBDT) has signed 174 Advance Pricing Agreements (APAs) during 2024-25, the highest in any year, indicating the progress in ease of doing business by providing certainty to multinationals regarding transfer pricing.
1 mins
October 18, 2025
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