Analyst - Ramesh Bhojwani, Mehta and Vakil earnings call questions

Indian Overseas Bank CC-May26.pdf ·

Hello. Thank you. Sir, Ramesh Pojwani from Mehta and Vakil. I was seeing your results from March ‘22 to March ‘26. There has been a quantum improvement year-on-year, in all parameters, all the ratios, I think the March ‘26 results stand out as the best performance till date. Few observations were there one was, you have maintained consistently the PCR at 97.5 and in March ‘26 you have kept the provisional amount lower, that means you are confident that your recovery from written-off accounts as well as from the NPAs will still further accelerate, enhance over and above what has been done going forward.

It's very wonderful to hear. The other part was there is a Six-page section on ESG highlights in your presentation, in your highlights. In that, there has been a reference and an emphasis towards solar energy as a RE, renewable energy source, where the bank will play a leading role in funding the projects. Because yesterday we were in a company's meeting which said that the government of India has set a target of 550 gigawatts from solar power. So, it's a huge, hu ge, humongous opportunity for the enterprise and straight away to the banks. How do you see this panning out? Because one, many a company has started installing solar rooftops on their commercial premises, retail premises and in a company like Tata Power has taken the initiative of doing it on residential premises more in Delhi than in Bombay. So , this appears to be a very , very big line of business activity, entrepreneurial activity and obviously banks have to play a part in this to make it a success for the basic reason the government wants it. The Prime Minister has initiated three schemes whereby almost more than 1 lakh 60 thousand crore has been given as incentive under PLI and ALMM and other schemes. So how is your bank positioning itself considering the evolving framework or the evolving scenario going forward?