Questions across 25 calls

Ashok Ajmera

Ajcon Global

Union Bank of India

Union Bank of India · 2026-07-15

Yes, thank you for giving this opportunity and compliments to you, sir, A sheesh sir and the entire team for a good set of numbers, especially on the profitability front. Even in the first quarter also you have matched the profit, rather improved it by about INR100 crores, which is good, heartening to note. And even the NIM is also is very healthy as compared to the last quarter and even otherwise also. So my compliments on them. Sir, having said that, I have got a again the same one major concern is about the business growth, overall business growth and espe cially which is linked with the deposit and the credit growth. So the same question which Mahrukh had asked about deposit front. You said you are comfortable on capital adequacy wise, but sir if we compare with the even industry also, I think in the overall business growth as well as the credit, I think we are little bit lacking which was never used to be a phenomena 1.5 years 2 years, 3 years back in the Union Bank. So having said that, what can I mean what can be done to increase the number because now you see even in the firs t quarter also some of the banks which have declared the results have given very healthy numbers of the credit and overall businesses also. So on this, little more elaboration, little more like kind of a foresight from you would help in understanding the future of this bank. So this is my first question, sir?

Sir, quite well taken, sir. We are well -wishers of the bank and would definitely like it to be in line with on every parameter as the other banking industry on the whole or rather do better. Having said this, sir, there is a little concern on the recovery side because our recovery from the written-off account in this quarter is almost half of the March quarter, which generally the good quarter, I understand. And secondly, the provision NPA provision has also gone up substantially, INR2,020 crore s from INR420 crores in the March quarter. And similarly, if you see the SMA 2 numbers, overall SMA numbers have come down as you said and as we can see, but the SMA 2 has gone up by almost INR350 crores. So overall do you see some kind of little stress in the some of the MSME accounts or some other accounts? And something if you can give the information on the ECLGS, this new ECLGS, how much is the entitlement of your all the customers and how much money h as already been disbursed on that?

Union Bank of India CC-Jul25.pdf · 2025-07-19

Thank you for this opportunity. Thanks for your opening remarks, sir. In the opening remark, you yourself said that Indian economy is the highest growing economy and we are doing well on the economic front. But if you look at the performance of the Bank, we are contradicting the positive statement as the Bank is continuously going in the negative zone . There is total de- growth everywhere. If you see, even yearly numbers have come down to 6.83 % in the credit growth. And when you look at quarterly, you have degrown, actually. Either we have become too risk-averse, our credit appraisal and everything has become too risky because in spite of having a good pipeline of the disbursement and sanctions, still we are not growing. This is a major concern of the Bank that we need to do banking. Similarly, on the recovery front also, this quarter has been very dismal. Sir, whether you talk about the cash r ecovery, which has gone down substantially from last quarter of Rs. 1,600 crores to only Rs. 790 crores. Even the upgradation, Rs. 519 crores again Rs, 924 crores. And even if you take the recovery from written off account, it has also gone down tremendously than the last quarter. Many other banks are taking comfort at least from the treasury profits if the real profits are not there. But here on the treasury also, if you look at the segment-wise, our profits are less than even the last quarter. So, I would just like to know sir where are we heading? Are we still maintaining those targets or we are lowering them down towards de -growth? And somehow the profitability is a little bit maintained, though it is lower than the last quarter by almost about Rs. 900 crores. Really, in a realistic way, I would like to know what is actually wrong with Union Bank now for some time?

From the recovery front, and if you look our SMA numbers also, SMA-2 has gone up from Rs. 1,200 crores to Rs. 2,600 crores. That is SMA-2, which might slip to NPA also. Our overall SMA in this quarter has gone to Rs. 4,917 crores as against Rs. 3,835 crores. And even on the recovery front, the cash recovery is half than the last quarter. So, I can understand on the treasury what explanation you have given. But what is about SMA and recovery?

Union Bank of India CC-Dec24.pdf · 2025-01-28

Good results, ma'am, as you yourself said on the performance of the bank is concerned on the asset quality side and even to a great extent on the recovery targets also. But ma'am, we are really going down on the business front, both the deposit and credit. And our performance is a little lower than other especially the PSU, PSBs, which have declared their results. I mean, we are much below them in this nine months' performance. So, now some people have started a little bit downgrading our stock and our future prospects. So, I would just like to know, though you have touched upon in this opening remark, you yourself said that our business growth is lower than the target. But going forward in future, not just in one quarter of the remaining quarter of this FY '25, but what do you think? I mean, the previous levels or the targeted levels will come back again soon, or there is really a major slowdown in the economy and the growth path, and we may not regain the past glory again? The first question is on that, ma'am.

Ma'am, my second question is on the i ncome side, the non-interest income and especially the recovery from the written off accounts. Yes, I mean that is some area. You know , the overall recovery plus recovery from written off account plus other components of the other income. There, I think, if you can give some picture, that at least like on profitability front, like this operating profit also, this quarter was little under pressure. So, going forward, do we have some more chances of big profit, other income includes recovery from the written off account, treasury income and some other components of the income?

Union Bank of India CC-Mar24.pdf · 2024-05-11

Yes, ma'am. Overall, if you see the overall year's performance, it's fantastic. And every guidance given by you, ma'am, has been achieved. The only concern is on the operating profitability, which is mainly you said that because of the employees’ cost, the pension. But we have seen in most of the other banks that the majority of this provisioning was done into the December quarter. Now, here, you see our employees cost has gone up to Rs. 4,829 crores in this quarter against Rs. 3,279 crores, which has had a major impact. Some impact has been offsetted by increase in the other income by Rs. 1,000 crores in this quarter. So, going forward, what will be our run rate on the employees per month cost so that we can get a clear idea? And what is the reason or what are the exact calculations for such a high employee cost in this quarter, ma'am?

Okay, ma'am, point well taken. Going forward, ma'am, what will be our monthly or quarterly employees cost approximately? Because all this provisioning has been done, with extra provisioning.

Bank of Maharashtra

Bank of Maharashtra CC-Jul26.pdf · 2026-07-10

Thanks for giving this opportunity at the far end. So sir, compliments to you for very steady performance in the first quarter of this financial year, which was otherwise -- which is a difficult quarter, Nidhu sir. And many of the questions have already been answered in such a detailed answer which you have given. So sir, I will just take up on the treasury. Treasury operations in this quarter has contributed a lot in the profitability of INR266 crores as compar ed to INR33 crores in the March quarter. So sir, going forward, how do we see the treasury working out treasury operations and the profitability on that, which includes the profit on the investments and from the forex also?

Sir, going forward, sir, in the coming quarters, do we feel some good income coming from the treasury matching even this one-time also?

Bank of Maharashtra CC-Apr26.pdf · 2026-04-20

Thank you for giving me the opportunity. Before I start, let me congratulate and welcome our new ED, Sushanta Kumarji Mohanty. Sir, welcome to Bank of Maharashtra from analyst side. You have recently joined. Having said that, congratulations Nidhu sir and the entire team of management of Bank of Maharashtra for the fantastic results. It's not only a question of quarter, but on t he overall FY26, you have performed exceedingly well. And once again, have gone beyond 50% on the CASA, beyond 20% growth on the credit, and almost every parameter that yourself narrated, you have met all the guidance and one of the excellent performance. Though you are the first to declare the results among the public sector banks, but still I would say you are one of the best performers, sir. My compliments to you. Having said that, Nidhu sir, I would like to have your views because now going forward, this war started from 28th of February, this Iran, Israel and US war. And the impact might not have been seen so much in March. But now going forward in April, May, June, in this current quarter, where do you see the impact of this war coming to our corporate account, mainly the MSME accounts? And is there any stress which you have already started feeling? Because till last year, till 31st March, the SMA numbers are good. SMA- 1 is only INR241 crores , SMA-2 is only INR56 crores. So what are your comments on that, sir? And what kind of impact do you see, sir, of this war?

Yes, sir. Point well taken, sir. You explained it very well, sir. I got a few data points and some observations. In the provision front, we used to have that INR1,200 crores, that special provision, I think that COVID provision. But this time, it has come down to INR1,010 crores. So INR190 crores has gone up from that buffer , from that provision we used to maintain. So is it used in the normal provisioning? I mean, but for it, the provision would have been more by INR190 crores in this quarter? This is my...

Bank of Maharashtra CC-Jun25.pdf · 2025-07-15

Thank you for the opportunity. Compliments Nidhu sir, and the entire team of Bank of Maharashtra, first for coming out so fast with the result on the 15th. I think you are probably the first bank, which shows your accounting, your corporate governance . The CFO and the entire team deserves rich compliments for this thing. Having said this, sir, you have also maintained the NIM in spite of the pressure of the rate cut and not passing on the entire interest to the borrower, but still you maintain ed your NIM, rather it's a good NIM sir, compliments for the same as well. Having said that, sir, this quarter, though a lean and a muted quarter, but I think for the first time in the last 3 years, we have gone into the negative business growth. I think the last was June '22, which is for the first time, I think, in what 12 quar ters or so. Coupled with that my question is that you still maintain the trading guidance of 17%, which you had given for FY 2026, deposit 14%, CASA, above 15% in any case is there. Do you think that, and looking at the performance of this quarter, you will be able to maintain the same guidance and achieve the numbers? Or you would like to revise the guidance on the business growth and the credit growth especially this is the first question.

Bank of Maharashtra CC-Mar25.pdf · 2025-04-25

Thank you for giving this opportunity. C ompliments to you, Nidhu sir, Asheesh sir, Rohit sir and, Amit sir, for the fantastic results quarter after quarter and year after year now for last 2, 3 years, 4 years. If you look, on all the parameters you have performed well. I mean, the CASA which went down to 49.28% in December, which used to be always above 50% has again been brought up to 53.28%. In this scenario, I think you may be the only bank who is having this kind of CASA. Even on the credit front, and I mean, on all the parameters, the result is fantastic, compliments to you for that. Having said that sir, I have got a couple of observations and some questions. Since we have noticed that the growth at the end of the year is good, whether it is a deposit or advances, but the major growth has come in this quarter. That is the January, March quarter. If you look at the advances, of course, it was very small in the first 9 months. Even in the deposit also, only 3.5% in 9 months and 10% down this quarter only, similarly in the credit also. If you look at further breakdown, the savings deposit have gone up only in this quarter itself by 14.78%, and the current account has also gone up 31%. Is this kind of growth which has come only in this January -March quarter is sustainable? Number one. Number two, is it going to be the pattern for the next year also that you are a little bit down in first and second quarter and then you pick up in the third and fourth quarter? What are your comments on that? Since it is something, which is very, very unusual that in 1 quarter only, you have grown so fast and whether it is going to be sustained. This is my first question, sir?

Sir, one question is a little observation on the restructuring of the standard advance, which has gone up by, I think, INR439 crore only in the corporate book. Can you throw some light on this, that INR439 crore in the corporate book, which has gone to the restructuring of the standard advance. What is the nature of this? Is it one or two accounts or it's a multiple number of accounts?

Bank of Maharashtra CC-Dec24.pdf · 2025-01-16

Thank you for giving this opportunity. Good evening, Nidhu sir, and the entire team. Compliments to you for yet another quarter of very good set of numbers as far as the profitability and performance of the Bank is concerned. Having said that, this year has been a concern for the growth in the business for almost every Bank, and our Bank also, I have seen because I have been a great fan of your Bank and have been giving a very wide coverage all the time but I have got some concerns, if you can address. Our business target was 16%, if you go for the target, 18% to 20% of credit and maybe, I think, 12% to 13% was deposit. Now, since we are already completed 9 months and only 3 months are left, will we be in a position to achieve another INR 40,000 crore, INR 42,000 crore of the business growth, which includes about INR 27,000 crore of deposit and INR 15,000 crore, INR 16,000 crore of advances when only 2.5 months are left now. Is it wise to take the target as it is, and wait for a very good performance in this quarter as this number speaks? because once this quarter is over, we will be talking only about financial year '24 -'25 and not the trailing four quarters , or 1 quarter of the previous year. So, my first question is on that, sir, that how optimistic and confident you are to achieve these numbers?

Well said, sir. There is 1 very unusual item in the audit report. If you look at the emphasis A and B, it says about the insufficiency of the independent directors, though I know that it is not in your hand, it is in the hands of the government. But as the head of the Bank, definitely, it's a matter of concern that we could not present our account to the Audit Committee because of insufficient number of members there, and we had to take it to the Board. Is there anything, any discussion going on with the government or any concern that has been expressed to the government or whether the copy of this report specifically marking this emphasis has been given to the government?

Bank of Maharashtra CC-Jun24.pdf · 2024-07-15

Thank you for giving me this opportunity. Congratulations Nidhu sir and the entire team of Bank of Maharashtra for yet another good set of numbers. Sir, I have got some data po ints and some observations. The data point is sir if you look at our balance sheet the reserves and surplus is INR14,083 crore as compared to the March INR12,593 crore. So INR1,490 crore our net worth has gone up our reserves and surplus whereas the profit is INR1,293 crore. So this INR197 crore which has been added to the reserves and surplus is on what account? Is it because of the change in that investment that the profit of the AFS book goes to mar k-to-market goes through the reserve or any other region for this?

Is that the entire INR197 crore or it has element of some other items also?

Punjab National Bank

Punjab National Bank CC-Oct25.pdf · 2025-10-18

Sir, at the very outset, Chandra, sir. A very, very happy Dhanteras to all of you there in Punjab National Bank, all the top management and the other people who are there and a very happy Diwali in advance and a prosperous new year.

Sir, and compliments for yet another good quarter for the good set of numbers, sir, especially on the profitability front, you have maintained your good operating profit. Thanks to new tax regime, even the -- I mean, the net profit is also quite sizable because of the lower tax impact in this quarter compared to the last quarter. Having said this, sir, my first question is or rather a little concern is on the credit growth, though the credit growth for the annualized basis is 10.14%. But sir, if you look at the current 6 months, like only 5.5 months are left for the current year now FY '26, you need to -- in order to meet your target of 12% you will have to sanction and disburse almost about INR80,000 crores in the remaining 5.5 months or 6 months. So are we on target? And secondly, what is our sanction book pipeline and the proposals in pipeline through your NBG clearances and other things and how confident you are in achi eving this number of INR80,000 crores remaining amount to meet your targets. So this is first on the credit front. And the composition of the corporate and the retail book in that. So that is my first question. Second one, sir, Canara HSBC Life IPO reduction, our percentage has come down to 13% from 23% because of that IPO. So this has happened in October, I think, second week or so. So any adjustment or any impact was there in the September quarter on account of the sale of shares or reduction through the IPO, any financial impact on the bank books? Thirdly, sir, this other income has gone down in this quarter and mainly due to lesser recovery in the written off account to INR854 crores from almost INR1,200 crores in the last quarter and the fee-based income also going down to INR1,685 crores from INR2,250 crores. So some color on that, what is the reason and in the next 6 months, how are we placed on that? So -- and one is, sir, on -- in this round is on the giving some -- I mean full information about the SMA number because whatever little time I got, we could see that only SMA-2 numbers are only given which are INR1,873 crores versus INR1,596 crores in the last quarter. So the full color, the entire SMA picture, where do we stand on 30th September 2025 on SMA front, so as to assess the asset quality temporarily now. So these are my few questions. You have done well on the cash recovery and upgradation, sir, I must compliment for that. And going forward, what are our recovery targets? This is also if it may be added.

Punjab National Bank CC-Aug25.pdf · 2025-07-30

Yes, thank you for the opportunity , a nd compliments to you, Ashok sir, all the leaders and top management of Punjab National Bank. Sir, you are firing on all cylinders.

And in the earlier question, you already answered that in spite of being a major recovery, why in this quarter the recoveries were less than the overall proportionate for one quarter . And that is a valid point also, June quarter being a little subdued quarter from the recovery point of view. Having said that, sir, I have got a couple of some obs ervations and some questions. Sir, just one is tax change in the tax regime. So, if I understand correctly, out of this higher provision of the tax of Rs.5,083 crores, Rs.1,600 or Rs.1,700 would have been in otherwise also the tax like this. So, basically Rs.3,300 or Rs.3,400 crores has gone from that DTA. So, what is the exact calculation? Because at the year end, if we take it almost about Rs.29,500 crores of operating profit according to your guidance of 9% plus, so on that our tax liability overall will be Rs.7,300 crores something under the new regime. So, can I just understand that what would be the final tax figure in the P&L in FY26 if that profit assumption is correct?

Punjab National Bank CC-Dec24.pdf · 2025-01-31

Thanks for the opportunity. Congratulations, Ashok Chandra sir, for coming and heading the largest, I mean, the next State Bank of India, Public Sector Bank, with over, I think, Rs. 26 lakh crore business. And with you being there, yes, we are, again, reassured that PNB will have almost come back and will come back further and will reach to its previous glories. You are a class master. And on that note, I wish you all the best here in this Bank. Having said this, sir, again, my question on the Mahrukh’s a little more extended this thing that in PNB, even in this quarter also, both your business growth, I mean, credit and deposit growth has been phenomenal. I mean, so far, whatever results are declared of the other Bank. Hello, am I loud?

So, on the credit front also, it is 4.56 in this quarter and on the deposit front also 4.75. And overall also, if you look at the nine months also, it is over 12 %, almost 13 %. So, sir going forward, are we going to maintain the same tempo for the overall business growth, especially the credit growth with you being there, and what kind of target w e can look at. That is my first question. And the second one on this other income has come down from Rs. 4,572 crore to Rs. 3,412 crores, other income in this quarter. I couldn't go much in detail because I was traveling and I just landed in Mumbai. So, on that, is it anything one time or it is going to be maintained the same tempo of having a larger income? Because from the written off account, recovery this time is only Rs. 823 crores as compared to the last quarter of Rs. 1,404 crores. Maybe this may be the main reason. And sir, on the third question. You already covered that digital footprint and PNB also going very aggressive on digitization. So, what is the exact status today and how many journeys have been completed and what kind of plan we have for m aking this Bank fully digitized not only in the retail but in all kind of businesses?

Punjab National Bank CC-Sep24.pdf · 2024-10-28

Good evening and compliment s to you, Atul sir and the entire team of PNB for the fantastic results. In fact, you are improving your performance on all the parameters quarter after quarter. I think in last, if you see 10, 12, 15 quarters, continuously there is improvement. And now, we can say that the Punjab National Bank has overcome all the big gest negative legacies and everything. And it’s firing on all the cylinders. So, compliments for the same, sir.

Having said this, sir, I have got just a couple of few questions and some observations. And, sir, on the profitability front, if you look at the, basically from the non-interest income point of view, there is a major improvement right from the recovery, in the return of account to handsome treasury income in this quarter, if you compare with the last quarter of 1,581 crore as compared to 648 crore. That is good profit on sale of investments, good profit on the revaluation of the asset. So, my question is that, going forward, do we expect in the remaining two quarters of the current financial y ear, the same performance of the Treasury so as to assess the correct profitability of the Bank for the whole FY ‘25? That is the first question.

Central Bank of India

Central Bank of India CC-Jun25.pdf · 2025-07-21

Thank you very much for giving me the opportunity. First, at the very outset, I would like to convey my great sense of congratulations and appreciation for Rao Saab for your very chequered banking career. And you are leaving the Bank as very strong like ROA target, which was your target. You already crossed 1 %, so it is 1.02 %. Net NPA, you brought it down below 0.5 %, which is another landmark, and I think one of the highest profitability of the Bank in the last 4- 5 quarters, even the operating profit, and if you talk about the net profit also. So, compliments to you, sir, and a heads up to you and all the best for your second inning in life. We will all miss you, sir.

Having said that, I already appreciated the profitability number. But, sir, I have got a few data points and some concerns. My major concern is on the credit growth. I think though overall, year to year, if you see, you say 9.9 % or 10%. But in this quarter, I think which is one of the terrible quarters as far as the credit growth is concerned , we went down by 5% as compared to March. So, that is the major thing because we are very comfortable on CD ratio. We are very comfortable on CRA R. We have got a very good large client base, good retail opportunities, good FME opportunities. So, where we went wrong or what are the challenges which the Bank is facing as far as the credit book is concerned to increase or the credit growth? This is my first major point. Your profitability would have been more by Rs. 57.63 crores, but for changing the depreciation method. So, the actual profit is really higher than what it is. So, no comments on that. Our SMA-0 in this quarter has gone up from Rs. 221 crores to Rs. 537 crores. So, if you can give some color on that, that they are all regularized by now. Treasury income has contributed a lot. So, my compliments to the entire treasury team. And sir, one, I would like to know the plans for our being making the Future Generali as the associate company by investing good amount of almost about Rs. 500 crores in both life and general insurance. So, what are the plans which we are working out? How is it going to help as far as the revenue of the Bank is concerned and the future value growth by acquiring, finally, signing the shareholder's agreement and some color on that restructured book of Rs. 4,000 crores, almost about Rs. 5,000 crores. So, these are the some few questions and a little bit on our recovery from return of account has been a little bit lower down as compared to the March. So, what are the prospects for that. sir?

Central Bank of India CC-Mar25.pdf · 2025-04-28

Congratulations and compliments to you for another good quarter, a good set of numbers, where almost on many parameters the bank has excelled and I think has achieved even targeted numbers also. So my compliments to you, sir, for that. Very good profitability. As you said yourself, the highest net profit. Having said that, sir, I have some few observations and some clarifications, sir. As compared to many of the other peer banks, our credit growth has been phenomenal. I think we grew almost about 15%. And especially in this quarter itself, we have grown by 7.14% our credit book, from INR2,70,000 crores to INR2,90,000 crores. But correspondingly, if you see it on the deposit side, we are a little bit lagging behind. In this quarter, it was 3.72%, that's okay. But overall, in the year, it was 7.19%. So going forward, how are we going to match this difference? As on today, we are comfortable with 17% CRAR. But then our CD ratio is also 71%. So we will definitely continue to grow on our credit book. So this is one just a small observation, some ques tions, if you can throw some light on it. Sir, then I'll ask some couple of other questions.

Okay, sir. Point well taken, Sir, would you like to throw some light on that aviation account we have been talking about, there's a big amount, big account? And what is the current status, like our total outstanding in our books, total provisions made so far in that account? And what are the recovery prospects? Because we had some additional collateral a long with the other banks. Only I think one other big bank is involved with that. So where do we stand today? Now what is the current status on that account overall, sir?

Central Bank of India CC-Jun24.pdf · 2024-07-18

Very good set of numbers as regards the profitability of the Bank, especially the operating profit is concerned. It has been maintained almost the same level at which it was in the last previous quarter. And only there are a couple of observations sir and some data points. Now in the provisioning, we have gone for a little higher provisioning on the NPA as compared to the January-March quarter that is Rs. 1322 crores. So, what is the total composition of this and how much is the Go Air out of this, and I believe that it was mostly provided in the last quarter itself. So, because of that, there has been impact because of the higher provisioning and we got some benefit in the tax so that we are in a position to maintain the profit, but had the taxation burden would have been higher, I think our profitability would have got impacted negatively. So, one is on that, there‟s the clarification on the tax credit of Rs. 78 crores as compared to the tax provision of Rs. 549 crores and second is on the NPA provisioning?

So, basically you are referring the note #4 , the entire explanation given the investment and the changes as per the RBI policy. S ir, all that additional provision of Rs. 710 crore which you ‟re referring, is it because of the ECL you‟re planning, something to create a buffer and…

Indian Overseas Bank

Indian Overseas Bank CC-Mar25.pdf · 2025-05-02

Good evening, sir and compliments to you for the fantastic set of numbers for the quarter and the year. My compliments to you for the good set of numbers . You have crossed ROA for the first time, 1% in this quarter, 1.12%. And the overa ll business also has -- business growth has also been good in this difficult environment, especially on the front of the deposit and the credit both in many other banks, people are facing, whereas you have done well on the advances front of 14.15% and deposit 9.11% in this. So on the whole, it's a good set of results. I have some couple of some questions and some observations, some data points. Sir, my first point is on the fresh slippages, which have gone up to INR2,756 crores. Would you like to elaborate on that fresh slippage to NPA category? What kind of accounts and what is the reason for it and something -- can you give some color on this? That is my first question, please?

So sir, what will be the state of MTNL now like there must be talk going on to bring it back to the standard category or what is the process now to be followed to bring down our NPA, though you -- though the gross NPAs are under control because there is a heavy written-off of INR3,043 crores write-off in this quarter, but still it's a matter of concern only. So what is -- what generally happens in this kind of case now?

Indian Overseas Bank CC-Dec24.pdf · 2025-01-20

I'm Ashok Ajmera, Chairman of Ajcon Global. Compliments to you, sir, and the entire team of Indian Overseas Bank for a good set of numbers even in this quarter also. You have excelled on many fronts, especially at the end of the day, everybody is concerned about your PAT, which is of course very good. You improved on the -- everyone is bothered nowadays on the bottom line, so you improved your bottom line a lot even in this quarter also. Good control on the gross NPA and net NPA, good ROA number. Having said this sir, I have got some observations and some questions and some data points to ask. So number 1 is -- in the other interest income, in the interest income, there is one INR218 crores in this quarter, whereas in the last quarter, it was zero. So I might have got the full details, but what it could be? This is one. If you can -- otherwise, I can ask my other questions also.

Technical written-off is recovery from written-off it's a -- that INR635 crores is in addition to this INR218 crores.

Indian Overseas Bank CC-Jun24.pdf · 2024-07-22

On the whole, if you look at the performance and compare it year -on-year, it’s definitely a very excellent performance. But sir, if you talk about quarter -on-quarter, and especially on the profitability front, our operating profit has gone down from Rs. 1,961 crores to Rs. 1,675 crores. Mainly, one of the reason is that other income has gone down from Rs. 2,477 crores to Rs. 1,033 crores, but part of it was offsetted by the employees cost of Rs. 1,124 crores from Rs. 2,517 crores. And it also contributed lesser recovery. I mean, in the other income, the lesser recovery from the written-off account as against Rs. 908 crores to Rs. 308 crores. So, sir, now there are a couple of questions on this. Number one, whether the same pattern will continue in the coming, I mean, three quarters that we are having pressure on the overall operating profit, because of the lesser recovery as compared to the last quarter? And secondly, whether the employees cost, which has come down substantially, so the run rate of that is going to be in the same fashion, like if you divide it by three, so about Rs. 375 crores per month. So, that we can get some idea of going forward where do we stand on this, sir?

Yes. On this other income, you see Rs. 160 crores as compared to Rs. 943 crores, it said all other income . I n the other income there is another head, all other income. So, how it has substantially come down to Rs. 160 crores? I do not remember exactly what happened in the last quarter, when it was Rs. 943 crores. What is the component?