Aim To Come Out Of PCA By December Quarter: R Subramania Kumar, Indian Overseas Bank
  • WebDesk BTVI
  • May 10 2019

R Subramania Kumar, MD and CEO of Indian Overseas Bank, said the company clocked an all-time high CASA ratio of 38 per cent in the March quarter, with the CASA ratio improving by 155 basis points in FY19. He also highlighted that the firm reported highest-ever operating profit of Rs 5,000 crore, an increase of 39 per cent (YoY). Kumar said the company expects to come out of RBI’s prompt corrective action framework in the second or third quarter this financial year.