Going forward, IOB will be posting very good results: MD & CEO Sengupta

'It has been in the range of 20-30 per cent in almost every quarter'

State-run Indian Overseas Bank (IOB) has posted a 33 per cent rise in second quarter net profit, with signs of further improvement after coming out of the Reserve Bank of India’s (RBI’s) prompt corrective action (PCA) on September 29, 2021. Partha Pratim Sengupta, managing director (MD) and chief executive officer (CEO) of the Chennai-based lender talks to Shine Jacob about growth roadmap, plans to improve asset quality and impact of the global financial crisis on India.

Your profit was up by 33 per cent in Q2. What were the major drivers of your growth?

First of all, let us see