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‘MCLR-linked loans to account for 54% of our book by year-end’
Financial Express Lucknow
|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?
Bu hikaye Financial Express Lucknow dergisinin October 17, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
Financial Express Lucknow'den DAHA FAZLA HİKAYE
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Marico Q2 profit dips marginally to ₹420 cr
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RBI resumes bond buy after six months, yield softens
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No tax on property received from grandfather as gift
My father wants to gift a property to my son who is 21 years old. Does he have to pay any tax on the gift? Will it reflect on his AIS? -Brijesh Pant
1 min
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