Ladies and gentlemen, good day and welcome to the investor relations call for Indian Overseas Bank, hosted by Veritas Reputation PR Private Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star, then zero on your touch-tone phone. I now hand the conference over to Sonali Pandey from Veritas Reputation PR Private Limited. Thank you, and over to you, Ms. Pandey. Good evening and welcome to the Indian Overseas Bank conference call to discuss our financial results for Quarter Two, Financial Year 2026, ending September 30, 2025. I am Sonali Pandey, and I will be guiding you through today's presentation. Indian Overseas Bank, IOB, headquartered in Chennai, continues to strengthen its footprint across India with a robust network of 3,373 branches, approximately 3,567 ATMs, and 11,467 business correspondents. Internationally, IOB serves customers in Singapore, Hong Kong, Thailand, and Sri Lanka, proudly catering to a growing base of 42+ million active customers. Our comprehensive range of services includes personal banking, corporate banking, and agricultural banking, along with credit cards, loans, and insurance products. The financial results and related disclosures are available on our website and also have been filed with the stock exchanges. Before we begin, please note that today's discussion may include forward-looking statements, which are subject to risk and uncertainties that may impact actual outcomes. We encourage you to keep these factors in mind while evaluating the bank's performance. To discuss the results and address analyst queries, we have our management team with us on the call, including Ajay Kumar Srivastava, Managing Director and CEO, Indian Overseas Bank; Joydeep Dutta Roy, Executive Director, Indian Overseas Bank; Dhanaraj T., Executive Director, Indian Overseas Bank; Srimathi Sathikalaprabhu, Deputy General Manager, Indian Overseas Bank. We will begin with an overview of the Quarter 2 results, followed by a Q&A session. Now, I will hand over the floor to Srimathi Sathikalaprabhu, Deputy General Manager. Thank you, Srimathi Sathikalaprabhu. Good evening all. I am pleased to present the overview of the bank's performance during the quarter and half year ended 30th September 2025. It's a proud moment for the bank today. The bank has reached a new milestone of recording an all-time high of net profits, INR 1,226 crores. For the quarter, it's a 57.79% year-on-year increase. Regarding the performance of the bank for the half year ended 30th September 2025, the bank has achieved a business mix of INR 6,17,034 crores, recording year-on-year growth over 14.1%. CASA grown in absolute terms to INR 1,37,386 crores, with a year-on-year growth rate of 4.17%. CASA ratio as on September 2025 is recorded at 40.52%. Total deposit growth achieved at INR 3,39,066 crores as on 30th September 2025, with a year-on-year growth rate of 9.15%. Growth advances grown year- on- year by 20.78%, reaching INR 2,77,968 crores, against INR 2,30,149 crores as at 30th September 2024. The bank has shown the operating profit of INR 2,400 crores, registering a year-on-year growth of 12.78%. Net profit of the bank is increased by INR 449 crores to INR 1,226 crores as on September 2025, as compared to INR 777 crores as on September 2024, recording a year-on-year growth of 57.79%. Provision coverage ratio improved to 97.48% as on 30th September 2025, as compared to 97.06% as on 30th September 2024. Capital adequacy ratio recorded at 17.94% against the regulatory requirement of 11.5%. Total income for the half year ended 30th September 2025 is recorded at INR 18,081 crores, with a year-on-year increase by 8.6%. Total interest income for the quarter ended September 2025 is INR 7,849 crores, and non-interest income INR 1,365 crores. Net interest income increased by INR 521 crores to INR 3,059 crores as on September 2025, as compared to INR 2,538 crores for last September 2024, registering a year-on-year growth of 20.53%. Net interest margin for the quarter ended September 2025 is 3.21%, with an increase of 13 basis points compared to 3.08% as on September 2024. Cost-to-income ratio reduced to 45.76%, with a year-on-year reduction of 321 basis points, showing a substantial reduction. Globally, credit deposit ratio improved year-on-year by 789 basis points and registered at 81.98%. With regard to the NPA management, gross NPA reduced from INR 6,249 crores to INR 5,078 crores year-on-year basis, and net NPA reduced from INR 1,059 crores to INR 776 crores. Gross net NPA percentage has reduced by 89 basis points year-on-year from 2.72% as on September 2024 and reached 1.83% as on September 2025. Similarly, net NPA percentage has also reduced by 19 basis points year-on-year from 0.47% as on September 2024 and reached 0.28% as on September 2025. Total recovery from NPA during the quarter ended 30th September 2025 is INR 874 crore. Out of the total recovery, the recovery from technical write-off and set-off accounts is INR 461 crore. The bank is steadily continuing the robust monitoring system in controlling slippages. Slippage ratio for the quarter ended September 2025 is 0.11%. With respect to the valuation, there is a significant improvement in return on assets, which is recorded at 1.2% for the quarter ended 30th September 2025, with 38 basis points increase compared to the last year's 30th September 2024. With regard to the book value per share, it is improved to INR 13.13 for September 2025, while the same was recorded at INR 10.04 for September 2024. There is a steep increase in the return on equity, with 305 basis points year-on-year currently, and return on equity 19.95%, whereas for the last September 2024, it was 16.9%. Earnings per share for 30th September 2025 is INR 0.64, which is improved by 56% from INR 0.41 for the last September 2024. This is all about the performance of our bank, which is I wanted to present to you. Thank you. Shall we begin with the question and answer? Yes, please. Sure. Thank you very much. We'll now begin with the question and answer session. Anyone who wishes to ask a question may press star and one on their touch-tone telephone. If you wish to remove yourself from the question queue, you may press star and two. Participants are requested to use headsets while asking a question. Ladies and gentlemen, we'll wait for a moment while the question queue assembles. The first question is from the line of Dr. Ashok Ajmera, Chairman. Please proceed ahead with the question. Thank you very much for giving this opportunity. Congratulations, sir, Ajay Kumar, Joydeep, and the entire team of Indian Overseas Bank for the very excellent result. In fact, in the half year only, you are almost near to the targets of the whole year. Your credit growth in the first six months itself is 11.18%, deposit rate 8.7%, and overall business has gone up by around 9.8%. Excellent performance, sir, even on the profitability front, even on the asset quality front. You are very comfortable on CRAR also. My compliments to you for that. Having said that, sir, a few observations and some data points. One is, sir, now going ahead, you have remaining six months still. Do we still maintain the same targets of 14%, 15% on the credit and 12%, 13% on the deposit, or looking at this performance of six months, are you going to upward revise these targets, which can be very comfortable, according to me? This is one, just some light on this, your views on this. I have a couple of specific questions, sir. We have this investment in the India International Bank (Malaysia), which is now voluntarily going for the winding up. I think we have an investment of about INR 200 crore, if I'm not wrong, and we have a provision of INR 6.13 crore. What is the current status on that? Will we get our entire money on this winding up process once it is complete, or will we have to take any hit on this? Secondly, sir, we have in this quarter received a substantial amount of income tax refund, I think INR 1,141 crore. What is the treatment given to that refund and where is it reflected actually in the overall accounts? This is the other information which I am looking for. A little bit on the SMA front, slippage in this quarter is a little higher than the average slippages or even in the last quarter. Going forward, can you give some color on that SMA front as well as the asset quality, especially any issue with the agriculture loans? Which is the pain point in the credit book, if you can just highlight a little bit? One more is that in the GIFT City, I think we had a plan of SBU. Is there any development in progress on that, sir? Okay, so thank you so much, sir. Thanks for the nice words in the beginning and the issues I will try to address one by one. First thing about targets, you are saying that whatever we say is for the full year. We are almost there in half year only. What I have to say is that the guidance has been clear in the beginning of the year that guidance we are not going to revise. Having said that, that guidance, whatever has been given, that is the minimum which we want to do. Every year it happens like that. For maximum, there is no limit as such. Depending on the market dynamics and the type of proposal and the type of business we are getting, there will be no stopping or looking back on that. This 12% is only the minimum thing. We can go up to 18%, 19%, 20% also depending on the kind of business and the market dynamics, whatever is available. We are open to that. Yes, having said that, the 12%, whatever guidance was there, I am again repeating that was the minimum part. Maximum, there is no limit as such. The second thing is about IIB (Malaysia), you are talking about. All the approvals almost are in place. The final approval is supposed to be received by the local regulator, and it is expected to come maybe in this quarter, it should come. The entire amount will come to us, sir, around INR 200 crore. UPMG has already been appointed as a legal leader. We are not expecting any hit on that. Around INR 200 crore, whatever we have invested, that will come back to us as it is. Slippages, we have been able to control over a period of almost two years. If you look at our slippage ratio, every quarter it comes to around 0.11 or 0.12. The same way it will continue to be addressed. SMA, particularly, we have improved a lot. If you look at the numbers about two or three quarters before back, it was hovering around 7%- 8%. This quarter, it has come down to less than 6%. Lots of emphasis has been there on SMA- 0, 1, 9, 2. What is the strategy of the bank in arresting SMAs is that we are attacking those accounts in SMA- 0 itself or maximum at SMA- 1 level. We do not intend to allow any account to go to SMA- 2 level. That way, we are focusing on it. Most of the accounts are getting regularized at SMA 0 or SMA 1 level. Right now, it is less than 6% of the total portfolio. We intend to improve further on that. Regarding GIFT City, sir, we have already requested for permission. I do expect that maybe in the coming weeks that approval we'll get. Once approval is there, of course, the branch will open in GIFT City. I hope I have addressed all questions except the income tax. Income tax refund, sir? Yes. This income tax refund of INR 1,141 crore has come to us. It has not gone to P&L, sir. It does not go to P&L and profitability. They were impacted because of that. This goes to one GL head, that is a tax paid account. Whatever demands are coming, that also goes there only. It has got nothing to do with P&L. P&L is not impacted by that. That's great, sir. This coupled with the taxation, we are still under the old regime. I think we have got about INR 3,000 crore or something in the DTA. Any calculations, sir, ballpark this thing, when do we exactly go for the new regime of taxation if this trend of the profitability continues? Yeah, you finish, sir, please. We are having a very good profitability. I think if this trend continues, I think we should soon go to the new tax regime? Most probably, we'll be doing it in Q3, sir. Most probably. Q3. In the worst-case scenario, Q4, this financial year is certainly going to happen. Okay, sir. If I'm permitted one more thing, sir, this kind of a credit growth, where are we looking at the growth other than the, of course, retail portfolio? In which kind of segment industry, whether it is renewable or with engineering or some core industries, where are we finding the opportunity for this kind of credit growth? What is our sanction pipeline or the proposals are under process about this because this is all organic credit which we are having? Exactly, sir. It's all organic credit growth, sir. It is happening all across retail, agriculture, MSME. Everywhere, healthy growth is happening. For corporate book, we are having a sanction pipeline of around INR 15,000 crore, which is at different levels of disbursement stage. In this quarter, most of that will get disbursed. I have said earlier also that out of almost 3,373 branches, only 15 branches do corporate lending. Remaining, all are eligible for doing business in retail, agri, and MSME. All these three sectors, all branches across the geography, they are lending. They are getting good proposals. Accordingly, substantial growth, I will say, is happening in retail credit and agriculture and MSME. The same trend I see going forward also, it will happen. Good and healthy credit growth we are looking at for the six months. Thanks a lot, sir, for answering so many of my questions and giving me so much of time also. If time permits, again, I'll come back again. Thank you and all the best to you, sir. Thank you, sir. Thank you. Our next question is from the line of Niteen S. Dharmawat from Aurum Capital. Please go ahead. Thank you for the opportunity. Am I audible? Yes. Yes, sir, you are. Yeah, yeah. I have two questions, sir. First one is, sir, where the growth is coming from, which sectors, and where do you see any stress in any of the sectors that we are currently serving in the domestic market? Some growth is coming all across, sir. It is coming in the form of retail, that is personal loans, MSME, mid-corporates, and agriculture. In this geography, jewel loan also happens. It's a mixed growth. There's not a single or one or two specific parameters in which growth is happening. It is spread all across all products and across all geographies. Regarding the second part of the stress, we do not see in our bank, I can say that we do not see any particular sector or product under stress. There are one and off individual cases where, because of that individual type of problem, that particular unit or retail loan comes under stress. Overall, as a product or as a sector, any systemic stress we are not observing so far. Oh, perfect, sir. Considering about our guidance, since the growth is very strong, and you mentioned that we continue to maintain the same guidance which was there from the beginning, and that is the bare minimum, and you would like to revise it. Let me rephrase the same question what my previous participant, Mr. Ajmera, asked. What is the probability of bidding this guidance by another 50%? For example, if our guidance is 10%, we'll achieve 15% overall during the year, something like that. By bidding 50%, what are the chances do you see based on the performance in the last two quarters and the current buoyancy that you see in the market? Yeah. I can very safely say that against guidance of 12%, we'll be very comfortable in 17% or 18% of growth. That we can foresee that it can happen, and very comfortably, we'll be able to achieve that. Got it, sir. Thank you so much, and wishing you best, sir. Yeah. If you see year-on-year also, last September to this September, credit growth is almost 20%. Yes, sir. Yes, sir. That's why I was a little surprised that you are not revising, so I asked that question. Thank you. Thank you. Thank you. Our next question is from the line of Mr. Bimal Panchal from Bimal Panchal and Associates. Please go ahead. Hello. Good evening, sir. Yeah, ideas, congratulations for all-round robust performance. Whatever the things have to improve, it has improved. Whatever things have to decline, decrease negatively, that has been decreased. Now, just two, three questions from my side. What is our branch expansion plan for the next two, three years? We often say here that PSU banks' share prices are going up, and lots of PSU banks have been mandated to come out with FPO, but that is not happening. What is your plan for our bank to raise equity in the near future? Yeah, thank you very much. Okay, I will start with branch opening, sir. Branch opening, last year, we opened around 101 branches last financial year. This year, in this financial year, we have already opened 42 new branches. Another around 240 branches are in the queue where all approvals have been given. They are in different stages of operationalization. I do hope that these 234 branches also, in another six to nine months, will come into existence, and physically, they will start to operate. Okay. In this continuation, sir, what is the geographical diversification of this branch forthcoming? It will be well diversified or any concentrations? It is all across the country. One particular aspect which we have taken care of is that the districts where our bank is not existing, those districts are the priority. We are opening our branches in those districts where we are not there. That is the priority number one. The second thing is that wherever business opportunities are there, we are opening. It is all across geography. Looking at the potential of the region where we can get substantial business, we are going for opening. Okay, sir. Regarding FPO, of course, and QIP, if you remember, in Q4 of last year, in the month of February, March, we raised around INR 1,400 crore of capital through QIP from the market. We have got board approval of INR 4,000 crore of raising capital through QIP. Maybe going forward, depending on the market situation, we'll be doing in Q4. Okay, right. Thank you very much, sir. Thank you. Ladies and gentlemen, to ask a question, please press star and one on your phone. Next question is from the line of Dr. Ashok Ajmera, Chairman from Ajkan Global. Please proceed. Yeah, thanks for giving the opportunity again. I take a lot of interest in this bank. I deserve also some space. Sir, you are very kind in answering all earlier observations and questions. Can you give some color on our, because the way we are expanding our business and we are growing so fast, and now with the branches also, you said about almost about 240 more branches will soon come in. What kind of digital push which we are having for our bank, like a Pan-India mainframe bank? Are we fully equipped digitally? What plans, what kind of digital journeys which we already completed or which are in pipeline, and how is it going to benefit the customers? What kind of budget allocations and other things done on this entire tech, including the artificial intelligence and whatever is currently happening? Sir, we are not growing very aggressively and branch opening also. I will give you a little bit of background. If you remember, from 2014 to 2021, the bank was in PCA. During that period, we were not allowed to open a single branch, of course, because of PCA regulations. Those seven golden years, this bank has lost as far as physical expansion is concerned. Now, since those bad days are over and the last three years, we have been substantially improving quarter on quarter. Now the numbers at this stage, I can say that it can be rated as one of the best in the system, whatever issues or whatever growth% you see. What I'm trying to convey is that whatever we have lost in those seven years as a prime bank of the country, we are trying to cover that up. That is not reckless. That is a very, very well thought-out process. Based on that, it is happening. We understand the challenges. We are mitigating those challenges and risks. Accordingly, branch opening or business growth and all these things are taken care of. That is one part. The second part is about technology and capability to handle. Sir, in IOB, 98% of the transactions are happening digitally. It is happening for the last more than one year. The entire IT infrastructure, digital infrastructure is well settled. Three years before, we went for entire digital overhaul of the bank, not only the products, the processes, the systems, everything. All these things have completely stabilized. In opening these branches, it will only be an extension of whatever we are providing to the existing branches. We are fully equipped to handle. The type of products and services which you expect from any of the premier banks, I will request you to experience some of the products and some of the services of IOB. I think you will get an idea. All whatever you can imagine that can happen on the digital front or IT front, everything we are equipped with. Our customers are one of the most satisfied last lot. The budget and all, and all I will say that INR 1,600 crore every year, it is more than INR 1,000 crore for IT infrastructure this year also. We have decided about INR 1,700 crore. Board approval has already been given two months before. The entire focus and overall improvement of the bank is already there. Mobile banking was there that we have already refurbished it completely. The new look of mobile banking is there. That app is available. The entire tech fresh, we call the entire software and hardware that is getting changed at the end of the process. Lots of activity on IT and digital is also happening. I will say that on that front, we are no less than anyone. That's good to know, sir. Sir, any major initiative to increase our non-interest income or third-party services income or anything like recently? In this last, I think yesterday or yesterday only, we had Bank of Maharashtra having tied up with the SBI card or the card business so that they can put it across their customers, the benefit of having such a large card company. Similarly, on the insurance front, on the credit card front, or any other major initiative which our bank is taking to increase our non-interest income through the third-party transaction, including all these avenues? Yes, exactly. In fact, everything, the parabanking products, what we call, that is already in place. We are getting a substantial amount of commission and all on that. Regarding credit cards, we have entered into arrangements with two fintechs. The terms of those credit card lending through those fintechs, that is highly lucrative. Through that, the source of income will be increased. Another way of increasing income is our focus on government business, the government transactions, which we are very aggressively doing. There are lots of, I will say, opportunities of government business to do through IOB. That is on the card. Maybe next quarter, I will be giving you more details. Through those government transactions also, lots of non-interest income we are expecting going forward. There is a plan for that also. In addition to this, the PSLC sale, the recovery from technical return of accounts, all those things are there. Accordingly, non-interest income also, we are taking good care of that. Going forward, maybe next quarter, we'll be able to show you a better number. Good, sir. The last one is, sir, some color on the treasury operation. Mr. Ajmera, I'm really sorry to interrupt you. Please rejoin the queue for more questions. Okay, all right. Thank you. Our next question is from the line of Aryan Rana from Aaryana Holdings. Please go ahead. Yeah. Congratulations from the upset of numbers, sir. Thank you so much. A question on the, you can hear me, right? Yes. Yeah. We have a question on capital adequacy ratio remains strong at 17.94%, but slightly down Q2. Is there any capital raising plans that you may have for growth or budgeting buffers? How does the bank plan to balance credit growth with capital efficiency, especially as RAM lending continues to expand? I have these two questions which would throw light on that, sir. The CARR of 17.94%, sir. From quarter- on- quarter, you can see some reduction. The point is that, sir, it is only a technically it has come down. The net profit of June quarter and September quarter has not been factored into CARR. With these two, INR 1,100 crores net profit of June and INR 1,200 crores net profit of September, this INR 2,300 crores is getting added to capital. The 17.94% becomes 19.20%. There's no reduction, sir. That is one part I'm trying to say. This profit will be taken into capital at the end of the financial year. At that point of time, March 2026, it will be visible. Right now, technically, it is 19.20%. The second thing is that, sir, against mandatory requirement of 11.50%, we are having at CARR is 17.94%. To ensure growth, the rate of growth at which we are growing in credit, this cushion of INR 600 crores is more than enough to take care of my next two years of growth at the 17.94%. Immediately, we do not need any capital raising actions to ensure to fund the growth. In order to align with the guideline that 75% holding has to be by the public. For that purpose, of course, last year in Q4 of financial year, we went to market and raised INR 1,400 crores through QIP. Through that, the Government of India shareholding came down from 96% to 94%. This year also, our plan is to raise INR 4,000 crores. We have already got the approval from the board. We are in the process of getting all sorts of approval required. Once approvals are in place, then certainly we'll go to the market to raise capital. Okay. Sir, on the digital transformation plans, there are several digital initiatives that the bank has taken like WhatsApp banking, LinkedIn, and PNCC. My question is, what has been the adoption and impact from cross-selling or? Can you speak a bit louder, please? Your voice is not audible. All right, sir. Can you hear me now? Hello, can you hear me, sir? Yeah, my question on your digital transformation, you have several initiatives like WhatsApp banking, CRM 360, which is what has been the adoption and impact on cross-selling or service efficiency? That is one. Second, how much of your business or foundation's loans have originated from digital channels? Or any collaborations you are having with any fintechs and all that, if you could throw some light on that, sir? Yes, sir. Collaboration and understanding with lots of fintechs is already there that is happening. This digital journey is an ongoing process. It keeps on happening. Whatever digital services or products we are having, every six months, three months, it gets upgraded and some additional features are getting added. It's an ongoing process. Whatever business is happening, as I said in response to one of the queries, 98% of the transactions are happening in digital mode only, not on physical mode. Whatever business is happening, major of that is happening through digital mode only. It will be difficult to give you any particular percentage or number. You can take it that it's an ongoing process and the majority of the business is happening on digital mode only. Yeah. Okay. Can I ask one more question around ESG and ESG that you have launched with green finance products also, IOB Surya Loan, IOB Tejas? Sure. What is the contribution of ESG-linked lending to the total loan book as of now? I mean, this is the. The share of these ESG-linked products in total loan book is not substantial. We have started recently only five, six months before. That's correct. Yeah. It is taking off. It is catching the attention of the general public also. The share is not very substantial. Going forward, maybe in a couple of quarters, we will be able to give you the good numbers. All right, sir. Thank you so much. Thank you and all the best for the future. Thank you. Thank you. Our next question is from the line of Ashlesh Sonje from Kotak Securities. Please proceed ahead. Hi, sir. I'm good evening. Sir, first question. Hi, sir. Can you hear me? Hello? Yes, please. Sir, first question is on ECL. Based on the draft guidelines which RBI has issued, what is your assessment right now about the provisions we will be required to make for the transition? It is too early to comment on that. We are still going through the provisions of this draft guideline. Whatever we could do as firsthand, broadly, we expect that around INR 2,700-INR 2,800 crore of additional provision requirement may be there at that point of time, which is to be provided in four installments. Having said that, these numbers are absolutely, absolutely not certain. It's only the first-hand information. It can be, it's very broad-based. It can be very off the mark. If this level of requirement is there, from next quarter onwards, we are going to create some buffer in the balance sheet. Still, we are having around 18 months. By the time it gets implemented, I think we'll be in a position to provide sufficient buffer in the balance sheet to take care of the requirements if at all it happens. Having said that, maybe next quarter, we'll be able to give you the more accurate number that what will be the requirement and how we are going to handle. It's still too early to comment. Sir, when you have calculated this number, INR 2,700, INR 2,800 crores, you would have assumed that you can reverse some of the NPA provisions and apply it against stage one and stage two loans, I assume. Just correct me if I'm wrong there. It's too early. We have not gone except ballpark figure broadly. Okay. You would have taken into account all the provisions which you are carrying, right? Standard asset provisions, contingency provisions. Exactly. PCR is 98% almost. Many, many factors are supposed to be taken into account to come to the exact number. Maybe you give us another one month or so. We will be able to give you some realistic number. Okay. Sir, just lastly on the same point, a simple data keeping question. Can you share the total, the different types of outstanding provisions that you have right now? I know you have NPA provisions of about INR 4,300 crores. What are the other provisions you are carrying? The standard provision will be there, around INR 4,000 crores. Some restructured portfolio is there. Again, that also some provision will be there. Okay. Sir, just one last clarification. Now, whatever shortfall comes out, whatever number it might eventually be, you will be taking that expense in the P&L, or would it be going directly to the reserves? P&L will not, the idea is not to impact P&L. We'll be creating additional buffer out of the business, whatever you are going to do in the next two weeks or others. We'll be creating buffers to make the balance sheet stronger, so that if at all some impact is there, we will be able to handle out of that, so that P&L is not impacted. Understood, sir. Perfect. Sir, thank you. Those are all the questions I had. Thank you. Thank you. The next question is from the line of Parth manesh Gutka from BNK Securities. Please go ahead. Yeah, hi. Thank you for the opportunity, sir. Just on your, what is the various or what are the ticket sizes in your micro, small, and medium loan segments? You know, how is the underwriting done in these segments? Underwriting is done on the low value where the structure type of products are there. It happens through system end-to-end. The bigger type of loans where the application of mind and subjectivity is needed, of course, partially it is digital. At some point of time, it's manually also it is appraised, and then lending happens. Micro, small, and medium, whatever classification has been there as per act, accordingly, it happens. I can give you a broad number that out of total, let me say you have around INR 49,000 crores. Micro, you're on INR 30,000 crores. Remaining is medium and small. Okay. This entire portfolio would be secured or there would be some unsecured portion also within the overall? No, it will be secured only. Okay. Okay, sir. Almost entire will be secured only. Okay. Within this understanding, are you, like, in a post-imposition of U.S. tariffs? Have you interacted with the borrowers? Are there any impact on the cash flows yet? Any early signs there? On account of tariffs, you are asking? Yes, yes, sir. On account of tariffs, see, stress is not visible so far. We have been interacting with our borrowers, and everyone, in fact, everyone has been able to find the way out to handle this tariff impact. They are all pretty sure that this issue will be over in a couple of months. Till that time, everyone has positioned themselves very well. We do not see any stress so far in any of the accounts, including cash flow, and transactions in the accounts are at a normal level only. Okay. Okay. Yeah, sir, that was all from me. Thank you. Thank you. Thank you. The next question is from the line of Moksh Ranka from Aurum Capital. Please go ahead. Hello. Sir, there was a recent preliminary government meeting regarding merger of small PSU banks with larger private sector banks. Is there any talk going on regarding this? Could you please comment on that? Sir, like you, we are also reading in newspapers. We do not have any communication from any of the authorities so far. This type of things, I will say that it is not new. Every six months, it happens and it keeps coming up in the newspapers. Officially, we do not have any communication. Okay. Okay. Thanks for the clarification. That's it from myself. Thank you. Thanks. Thank you. Anyone who wishes to ask a question, please press star and one on your touch-tone phone. Thank you. You can summarize. Thank you, sir. If there are no further questions from the participants, I now hand the conference over to the management for the closing comments. Thank you and over to you, sir. Yeah, thank you so much. I will request both my EDs, Mr. Joydeep and Mr. Dhanaraj, to give the closing remarks, please. Thank you. Thank you. This is Joydeep Dutta Roy, Executive Director. First of all, I would just state that the performance of the bank has been consistent in terms of the quarter-on-quarter profits that the bank has been delivering, the percentage growth. If you look at the past many quarters now, almost eight, 10 quarters, you will find a consistency in the growth in profitability quarter- on- quarter. That's been a hallmark. We have crossed the ROA of not only 1, now it's 1.20. Our NIM, we have been able to maintain and, in fact, grow in spite of the rate cut. That shows how we have been able to manage our advances and the yield on advances, which has also seen a slight increase. All these point out to the robustness of the processes and the systems in the bank, which work for profitability while we are moving the balance sheet and the growth in a very, very strong manner. The growth is happening. Plus, at the same time, at the back of the growth, the profitability engine is also running very, very robustly. That's one point that I would highlight. Secondly, on the asset quality, again, the NPA ratios, GNPA and NPA are consistently coming down. It's almost one of the lowest now in the system amongst all the public sector banks. More than the GNPA and NPA ratios, the factor that needs to be taken note of is the fact that we are having a very, very tight control on the slippages of the bank. There are hardly any slippages happening. Quarter on quarter, almost 0.10- 0.112 is our quarterly slippages, which is, again, one of the highest among all the public sector banks, in fact, among even the private banks also put together. This sort of a slippage control is a very, very tight leash that we are keeping, which, again, points out to the robustness of the control systems that have been put in place in the bank and bodes well for the future also. While all the legacy book is cleaned up, provision coverage ratio is very high, we don't have any worry on any NPAs or lumpy NPAs, etc. At the same time, future also, things are not allowed to slip, and the slippage control is very, very tight. This, again, is something that I would like to highlight. From my side, thank you. Thank you, sir. On behalf of Indian Overseas Bank and Veritas Reputation PR Private Limited, that concludes this conference. Please go ahead. Hello. Hello. Dhanaraj, I think our other Executive Director, Mr. Dhanaraj T., would also like to add something. Okay, okay. Thank you, sir. Thank you, sir. In addition to our MD and SUSR and to Mr. Joydeep Dutta Roy, I wish to add one or two points. One is that consistently, the bank is growing. If you see the last three quarters, the bank has clocked more than INR 1,000 crore profit, INR 1,052, INR 1,111, and now we have INR 1,226 crore we have done. The main strategies for cash flow growth and all business growth, we are giving topmost priority. As far as the new customer acquiring is concerned, almost the last two and a half years, we have added almost 8.6 million new customers. Particularly in the current year, in the last six months, we have added almost 2.1 million customers. This is the ongoing basis we are expanding. Already our MD and SUSR said that the branch expansion also the bank is continuously concentrating. We are going to add almost 250 new branches as far as the current financial year is concerned. Some questions have come as far as the digital transformation and AI technologies are also concerned. Our bank, as far as the bank is concerned, 98% of the transaction is happening through the digital mode only. We are giving the budget allocation in terms of both hardware and software upgradations. All journeys through the digital, almost all 98%- 99% of our products, particularly in retail, agricultural banking, and MSME, everything is onboarded through the branch journal and the STP journey as far as the bank is concerned. We are going to concentrate on the digital transformation as far as the bank is concerned as per the industry standards. We expect all your continuous support for the bank's growth in the future also. Thank you. Indian Overseas Bank is going through a significant phase of growth, and we are hopeful of a fantastic year ahead. On behalf of the Board of Directors and Management, we thank you all for your participation in this call. We wish you a very great week and a very happy Diwali. Thank you. Thank you. On behalf of Indian Overseas Bank and Veritas Reputation PR Private Limited, that concludes this conference. Thank you for joining us, and you may now disconnect your lines.