Ladies and gentlemen, good day and welcome to the earnings conference call of Indian Overseas Bank, arranged by Veritas Reputation PR. At this moment, all participant lines are in listen-only mode, and later we will conduct a question-and-answer session. At that time, if you have a question, please press star and one on your touch-tone keypad. Please note that this conference is being recorded. I now hand the conference over to Ms. Sonali Pandey from Veritas Reputation PR. Thank you, and over to you. Good evening and welcome to Indian Overseas Bank's conference call to discuss our financial results for quarter three FY 2025-2026 ended December 31, 2025. Indian Overseas Bank, IOB, headquartered in Chennai, continues to strengthen its presence with over 3,438 branches, with around 3,622 ATMs and 9,041 business correspondents across India. IOB also provides services in four countries: Singapore, Hong Kong, Thailand, and Sri Lanka, with a total of 41 million active customers in the bank's fold. Our comprehensive suite of services spans personal, corporate, and agricultural banking, along with credit cards, loans, and insurance products. Our financial results are available on our website and stock exchange platform. Before we proceed, please note that today's discussion may include forward-looking statements subject to risk and uncertainties that could impact future outcomes. We encourage you to consider these factors when evaluating our performance. Joining us today are Shri Ajay Kumar Srivastava, Managing Director and CEO. He joined with Joydeep Dutta Roy, Shri Dhanaraj T, Executive Director. He is an executive director. We will begin with an overview of our quarter three performance, followed by a Q&A session. Now I invite, Madhaw Chandra Jha, Chief Financial Officer to present the financial highlights. Over to you, sir. Yes, thank you, Ms. Sonali. Good evening to all. I am pleased to present the overview of the bank's performance during the quarter and nine months ending on 31st December 2025. It is a proud moment for the bank today that the bank has reached a new milestone by reaching all-time high quarterly net profit of INR 1,365 crore for this quarter, with a 56.18% year-on-year increase. Regarding the performance of the bank for nine months ended 31st December 2025, the bank has achieved a business of INR 644,276 crore, recording year-on-year growth of 18.71%. Advances also has increased to INR 142,676 crore, and it is recorded at 40.85% for this 31st December 2025. We are able to manage more than 40% for this quarter. Total deposit growth achieved at INR 349,302 crore, with a growth rate of 14.48%. Gross advances year-on-year has increased to 24.13%, reaching INR 294,974 crores against INR 237,632 crore last year, 31st December. The Bank has shown the operating profit of INR 2,603 crore, a new record, and it is year-over-year growth of INR 14.87 crore based on the last year performance. Net profit of the bank has increased by INR 491 crore and reached INR 1,365 crore as of December 2025, as compared to INR 874 crore during December 2024, recording a year-on-year growth of 56.18%. PCR, provision coverage ratio, increased to 97.49% from 97.07% last year. Capital adequacy ratio stood at 16.30% against the earlier it was 17%. Now, as per the regulatory requirement, it was 11.50%. So we had achieved that, so it is 16.30%. Again, we have recorded the figure of 3.32%. Continuously, it is growing. Last time, it was 3.21%. The CD ratio of the bank is increased to 84.45%. With regard to NPA management, gross NPA reduced from INR 6,071 crore to INR 4,530 crore year-on-year basis, and net NPA reduced to INR 708 crore from INR 976 crore last year. GNPA ratio, it has come down to 1.54% from 2.55% last year. Similarly, net NPA ratio has been reduced by 18 basis points to 0.42% on December 2024 to 0.24% in December 2025. Slippage ratio is contained at 0.11% during this quarter. With respect to valuation, there is a significant improvement on the return on assets that has increased to 1.28% for quarter ended 31st December 2025. With regard to book value of shares, it is improved to INR 13.90 as of December 2025, while same was INR 10.66 only during December 2024. There is a significant increase in return on equity with 312 bps year-on-year. Currently, ROE is 20.98%, whereas last time it was 17.86%. Earnings per share EPS on 31st December 2025 is 0.71, which is improved by 54% from 0.46 for the last December 2024 quarter. This is all about the performance of our bank, which I want to present to you, and I request to proceed. Thank you. Ladies and gentlemen, we will now begin 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 their handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the question queue assembles. We take the first question from the line of Ashok Ajmera from Ajcon Global. Please go ahead. Thank you for this opportunity and for asking the first question. In fact, my question has a combination of questions and observations and some clarifications. So compliment to you, Sir Srivastava, Joydeep, Dutta Roy, Dhanraj T, and the entire management team of the Indian Overseas Bank for yet another good quarter, rather the better quarter of the results. What is actually happening to note is that the bank business has grown tremendously, especially the credit. In the three quarter itself, it has gone up by about 18% growth. And I'm sure the way the last quarter has done, 6.12%, you will end the year by 24%-25% of the credit growth, which will be one of the highest or rather the highest in the entire PSB space or the banking space. So my compliments to you for the same. Sir, having said this, Sir, I got rather some clarification that now with this kind of credit growth, our CD ratio has already come to the top band like 84.45%, and our CRR has proportionately come down to 16.30%. So with this growth and this kind of CD ratio already achieved, how do you see that growth momentum to continue? I mean, what are the plans for that to maintain the CRR also on the higher credit numbers? So this is my just first question, and if you want, I can speak others also, but if you can answer this, and then I can take the further questions, Sir. Yes, so good afternoon, Ajmera sir. Thank you so much. I will be replying to all these three observations first. So credit growth, of course, we have grown year-on-year. It is 20%. December December over December, if you see, and over March, of course, your observation is right. So maybe here we will be ending the year with a growth of around 24%-25%. That is what we are also expecting. And this credit growth is coming from all sectors: retail, agri, MSME, and a little bit of corporate also. So the next point is CD ratio you are talking. CD ratio 84%, whatever you are watching, that includes overseas centers. If you exclude that overseas centers, then CD ratio is around 81% domestic. Because overseas centers, there is no concept of deployment against it. So it is around 81%, 81.18 or something CD ratio, which is very much within the region, manageable thing. And the second part, which you have not pointed out, is that retail term deposit we have grown by 16%. SB we have grown by more than 11%. So deposit growth is also happening to that extent. And third part is that there is a concept of LCR, which RBI monitors on a daily basis, which for all banks is mandatorily pegged at 100%. It should be there. We are consistently maintaining it around 120% plus. On 31st December, it was around 127%. Yesterday, it was 122%. So there is no issue on the aspect of liquidity. So CD ratio is 81%. LCR is more than 100%, 121%, 122%. So that aspect is very well taken care of. Going forward also, it will be maintained like this. The third part of CRR, CRR 16.30%, one aspect is that it is still very healthy against mandatory requirement of 11.50%. Having said that, this three quarters net profit of INR 3,700 crores is not factored into capital so far. Yes, yes, sir. It gets factored at the end of the year, so if this INR 3,700 crores we factor, then the CRR as on the 31st December, it is around 18.40%. Okay. There's no cause of concern on the aspect of CRR also, sir. So all bases are fully covered. Strategy is in place, and we are successfully implementing it. Yes, sir. Point well taken, sir, and you properly explained the whole thing. Now coming to this, sir, this our profitability, yes, because of the good credit growth and the good business growth, we have grown our operating profit also this quarter. Also, our operating profit is INR 2,603 crore as compared to the last quarter of INR 2,400 crore. And but for only INR 2 crore tax provision, because the other provision this quarter has become very high. If you look at the overall provisions, it has gone up to INR 1,236 crore as compared to INR 672 crore. So but for this major reduction in the tax provision, which has come down to INR 2 crore from INR 501 crore, our net profit would not have remained same, or rather it would have gone down than the last quarter. So what do you have to say, sir, on this? Number one, the higher provision, where the other provision component is INR 928 crore as compared to INR 552 crore in the last quarter. So what is this extra other provision? And secondly, why the tax provision is only INR 2 crore? So, sir, two or three things are there in this. First, in this provision, whatever number you are talking, that is inclusive of around INR 800 crore of additional standard provision, which was not needed, but we have created it as a buffer. In addition to this 800, sir, we have done forward-looking INR 1,500 crore of ECL provision in the name of ECL. That INR 1,500 crore also we have done. That is away from whatever numbers we have given. So, INR 1,500 crore is one part that is ECL. INR 800 crore we have given additional provision, standard provision, just as a cushion. And third part is so far we were under DTA, sir. DTA was around INR 2,900 crore, and bank was having is having accumulated losses. So this tax was not applicable to that extent. And in this December quarter, this DTA has been made nil. Okay. INR 2,900 crore DTA was there. That has been made nil, and as a consequence of that, sir, we have moved to new tax regime. In previous conferences, if you remember, you have been asking this question when banks are planning to move to new tax regime, so December, we have moved, sir. Okay. I mean, that's a great thing. It will give the benefit to the bank in the coming years also, accordingly of the reduction in the new as per the new tax regime. Sir, one small observation that the salary amount has gone up by about, I think, 175 crore this quarter as compared to last. So whether this new labor code, which has come in, and the gratuity liability, have you factored that into this? And because of that, it has gone up, or is still the load is yet to be passed on? No, that is yet to be triggered also, and we'll start working on that. So this INR 175 crore does not reflect that. This reflects INR 160 crores of additional surplus provision we have made towards pension and gratuity liabilities, which was not supposed to be made, but since we have available cushion, so we have made INR 160 crores additional provision on HR regarding this. So that is how INR 175 crores you are looking at. But actually, it is INR 15 crores increase only. Sir, this quarter, we also observed that. Please rejoin the question. Just last one. Okay, if you permit. Sir, in this quarter, we have observed that asset quality has further improved. Rather, the gross NP has gone down drastically from 1.83% to 1.54%. And that is because of the little higher write-off of INR 601 crore as against INR 108 crore in the last quarter. So whether this write-off thing is over or it will continue in the next quarter also so as to bring down the gross NP further substantially to 1.25% or so, and making it a very, very sound, healthy balance sheet from the point of view of the credit? Sir, technical write-off is only INR 500 crores, and it is done based on the requirement, sir. If you look at the recovery, recovery we have around INR 890 crores. Recovery has been consistently we have been doing more than slippages for last many, many quarters. As a sum total of this, you talked about GNPA. GNPA has reduced its total of recovery plus technical write-off plus whatever OTS we have sanctioned, a part of write-off has come from that, plus ARC sale. All those things have happened. Right now, we are at 1.54%, and we expect that another five-to-seven bps it can reduce in this quarter in Q4. What is our total recovery of book, sir? Recovery of book amount, outstanding amount? Around INR 23,000 crores, sir. 23,000. Okay, sir. Thank you very much for this round of questioning and very elaborate explanation. If time permits, I'll come back again, sir. Yes, most welcome. Thank you. All the best to you, sir. Thank you. We take the next question from the line of Pinaki Banerjee from AUM Capital Private Limited. Please go ahead. Good evening, sir, and thanks for the opportunity. And congrats for the great set of numbers. Sir, actually, coming to the page 16 of your presentation regarding that advances, regarding this corporate advances of about INR 51,000 crores or so, can you please give us a breakup of which sector or industry this corporate advances have been given? It is a mixture of PSU, private players, and plus NBFCs. Okay, sir. And sir, actually, compared to the other segments like retail, agri, and MSME, which have shown a double-digit growth, why is it the corporate loan growth is languishing in single figures? No, it's not languishing. It's, I will say that it's a well-thought-out call, part of the strategy. See, you have to understand the dynamics. We are having 3,400 branches. All these 3,400 branches can do retail, agriculture, and MSME. Corporate is done by only 20 branches across the geography. So since the number of branches doing retail, agri, MSME is more, so naturally, retail, agri, MSME happens more. And there we get good rate of interest also. Risk is spread out, and capital requirement is lower. So that becomes priority, of course, RAM. And all my branches can do. And corporate, we are very selective about onboarding customers. First thing is, of course, good corporates with good rating. And second part is that we should be able to get proper pricing. We are not in the business of lending at 6% or 6.5%. So wherever we are getting good value, we are lending there only, and that is how we are managing corporate. All along, our retail and MSME sector has been around 75%-76% of our total portfolio. And corporate continues to be around 23%, 24%, 25%. And we intend to maintain like that. Okay, sir. Sir, and last one, just a hypothetical question. Sir, your last dividend declared was quite a number of few years back because understanding that you were under Prompt Corrective Action. So now that you have come out of this, can we expect dividends in the coming time? Yeah. So we came out of PCA in 2021, September 2021, long back. So PCA story is very, very old. And next year, of course, next financial year, we'll be in a position to give dividends, of course. Okay, sir. That's all from my end. And thank you, and all the best for the future. Thank you. Thank you. We take the next question from the line of Samraat Jadhav from Prosperity Wealth Adviser. Please go ahead. Hi, good evening, and congratulations on a good set of numbers. I have two questions. One is, our IOB's gross NPA remains around 8.5% on the higher side, elevated, basically. So any idea or a roadmap or a timeline for this book, how we are managing it or covering it? Okay, so 8.5% OVCC. OVCC is supposed to be guided by local regulations. They do not have that SARFAESI or DRT, or those things are not available to be implemented there. The only thing which happens is through the courts, and in all these cases, cases have been filed, and they are under process. Whatever securities were available, that have already been sold with the permission of the court, and we have appropriated the money. So it will come down, but you know both decisions how much time it takes, so we cannot give a definite timeline, but of course, all cases are under recovery process. Okay, and what percentage of our new retail loans are now digitally sourced? Around 13%-14%. Okay. Okay. That's all from my side. Thank you and best of luck. Thank you. Thank you. We take the next question from the line of Niteen S Dharmawat from Aurum Capital. Please go ahead. Yeah. Thank you for the opportunity. Am I audible? Yes, please. Yes. So our CASA percentage was coming down on a year-on-year basis, though there is some marginal improvement on a QoQ basis. So is there any challenge that we are facing over there, and how does the bank plan to balance aggressive credit growth with deposit mobilization? Sir, two things we have to understand here. CASA consists of two parts, CA and SA. And if you look at CA, year-on-year, we have grown by 11.4%. In absolute terms, it is INR 11,910 crores. So CA growth has been in double-digit growth is happening. Current account, because of its nature of the product, money comes and goes. And as a matter of prudence, we are not encouraging those transactions which happened for only one day, last day of the quarter. So that we have purposely not encouraged. And that is how current account, we have not been able to grow to that extent. Of course, if you wanted, you could have grown for one day, and numbers would have been shown here, but those numbers have not been realistic. So CA is growing. Because of that, CASA growth is from 11.4%; it has come down to 7.8%. Growth is there. Second part, CASA percentage you are talking about, CASA percentage is a game of numerator and denominator. If my total deposit, my retail term deposit is growing at a faster pace, then actually percentage will move. So my retail term deposit has grown by 16.3% year-on-year. In absolute terms, it is almost INR 25,000 crores. To that extent, SB and current has not grown. Of course, they have grown. SB has grown by INR 12,000 crores. So absolute term growth is there. But in percentage terms, since retail term deposit comes into play, which has grown at a higher rate, so that is how percentage has come down to 40.85% global. But domestic, if you see, overseas branches do not have CASA deposit concept. So CASA domestic is 41.29%. Only three public sector banks in the system are having CASA percentage above 40%. We are one of them. We have been consistently maintaining CASA percentage above 40%, 41%. Do you see that henceforth the CASA percentage could come down as the growth will happen, as you are suggesting, because of the challenges? Certainly not. Because SB, you can see we have grown substantially, very handsome growth of 11.4%. I think that will be one of the best in the system. Current account, we are working on it, and maybe in this quarter, we can show good growth in current account also, so I do not see that CASA percentage going below 41%. Of course, we cannot aspire to go beyond 45%, but we will be very successfully maintaining CASA percentage above 41%. Okay. And my second question is about technological and operational strategies that are driving the bank's digital transformation goals. So what are those specific, if you can elaborate on that front and how we are implementing that? Have we hired new consultants, or how much investments we are making on those lines? What is the vision of the bank on that? If you can elaborate on those points. Yeah. So I'll start from budget. So every year, expenditure on IT infrastructure goes on increasing. Last year, it was INR 1,200 crores. This year, we have taken approval of board for INR 1,600 crores, both capital and revenue expenditure. And almost 70% of that has been spent also. And a lot of regular upgradation happens in IT infrastructure. Recently, we have done the entire core banking modernization with a probable expenditure of around INR 600 crores that we call tech refresh. That has happened. State-of-the-art data center we have created. And core network infrastructure upgradation has happened. So a lot many things, branch network modernization has happened. A lot many things in IT area, IT infrastructure, it's an ongoing process. That is one of the topmost priorities of the bank to ensure that IT infrastructure is matching with whatever is needed to be done for running the bank smoothly and to compete at that level. We are at that place, at that level, and we get full support of our board also for this. IT infrastructure, I can say that it is one of the best in the system. Okay, sir. My next and final quick question is about the competition with the private sector bank in general. I see that PSU banks, there is a complete resurgence, and they are grabbing the business compared to private sector banks. So do you also see the similar kind of thing? Are we grabbing the business from private sector banks, or our growth itself is organic and we are growing naturally, and they are unable to capture that business because of the changes which have happened in the banking sector, especially the public sector bank? Can you shed some light on that? Sure. Yeah. It is a fact that we are grabbing business from private sector. Many of their clients are moving to public sector banks. Many of the clients who left, I will talk about IOB four, five years back, they all are trying to come back. Many of them have come back also. And because of lots of improvement in the efficiency and IT infrastructure and lots of products, public sector banks, the total space, public sector, they are giving, I will say, good banking experience to the general public. And that is how things are happening. And the overall image of public sector banks as a doer, as a decision maker, as actually delivering the things, that has improved a lot. Got it, sir. Thank you, sir. Thank you. We take the next question from the line of Ashok Ajmera from Ajcon Global. Please go ahead. Thanks for giving the second opportunity. Sir, since I got the time now, one thing is there that the government holding in our bank is still very high at, I think, 92% or so, in spite of the OFS and the QIP, which have been done in the recent past. So in order to dilute and bring it within the SEBI guidelines of 75%, I think almost about INR 12,000 crore of dilution will have to be done at the current market price. So what are the plans on that front? Is it going to be OFS only or a QIP kind of a thing? What plans the board has approved and are there in pipeline for you to execute to bring down the government stake in the bank? So, sir, right now, Government of India holding is 92.44%. Yes. A year back, February 25, it used to be 96% plus. So from February 25 till December, we reduced it by almost to 92.44%. We are having an approval of INR 4,000 crore of capital raising through QIP. We have got all the approvals. And in this quarter, we are going to raise this INR 4,000 crore, maybe February or maybe in March. The entire process is going on, whatever is needed to be done. And if that INR 4,000 crore, with that, this 92.44% will further get reduced by 4%. So in one year, you can see that from last March to this March, the holding from 96%, it will come down to around 88%. And next year, again, we will plan, and we do hope that it will reduce further as per the requirement. All right. So it will be a in future, it may be a combination of OFS and QIP again, isn't it? Like maybe after this QIP of INR 4,000 crore, again, government might go for OFS if the price is good in the market. Okay, sir. Now, sir, a little bit of data points on this gold loan front. What is the combination of total gold loan book between agri and non-agri loan, and what kind of approximate yield which we are getting on the gold loan agri and non-agri, sir? Yield is around 8.5% to 9%. There are different products, different schemes. And there are certain products where yield is less than 8.25% also. And retail and agri, major part of the retail gold loan, whatever is happening, that is almost 50% to 60% is for agriculture purposes. And balance gets distributed among MSME and retail. Okay. All right, sir. Okay, sir. Thank you very much. Thank you. Thank you. Ladies and gentlemen, if you wish to ask a question, please press star and one. We take the next question from the line of Bimal Panchal from Bimal Panchal & Associates. Please go ahead. Yeah. Good evening, sir. My name is Bimal Panchal. And congratulations for one of the best results in the history of the bank. And a lot of questions have been asked by previous participants. I'm not repeating. One question is that there has been frequent news appears that all PSU banks will be consolidated into at the most four or five banks. So any communications from the government regarding this? And because of this, is there been any instructions to hold on branch expansions or fundraising? Is there any break on these two aspects? Thank you, sir. So, sir, two things. One thing is that this year, we are recruiting around 1,200 people. And 400 people have recently onboarded. Remaining will onboard in another three, four, five months. This year, we have already opened 120 branches. And another around 180 are in the pipeline, which will be opened over the next three to six months. So expansion plan, recruitment plans, everything is going as per the business plan, which we initiated in the beginning of the year, is going on as usual. And the second part is merger and consolidation. We do not have any information, either verbal or written. Nothing is available with us. Okay. Thank you very much, sir. Thank you. Thank you. We take the next question from the line of Rana Aryan from VRight Aaryana Holdings. Please go ahead. Yeah. Congratulations to the team, IOB, for the fantastic results. My question is around loan book granularity. And so the background is PSU banks historically faced volatility due to large ticket corporate exposures, even when headline GNPA numbers looked compatible. So the question is, how has the top 20 or top 50 borrower concentration evolved, and what internal thresholds guide incremental exposure decisions today, sir? So, sir, there are two aspects. One is that the total credit consists of retail, agriculture, MSME, and corporate. If you look at banks' credit portfolio closely, you will see that all these four are equally distributed to around 25%, between 25%-30%. So retail, agriculture, and MSME constitute around 76%. Corporate is around 23%-24%. And we intend to maintain at that level only. And whatever corporate existing accounts are there with us or whatever we have onboarded, all those accounts are absolutely healthy, standard, running, and absolutely regular. Okay. So you said corporate 25% and SME is about 70%, right? RAM, retail, agriculture, MSME, all three taken together is around 76%-77%. 76%. Okay. All right. It will be around 25%. All right. So my second question is on slippages across the system have been benign over recent quarters, particularly reflecting favorable macro-conditions. But so what early warning indicators is the bank tracking to sort of distinguish between sectoral, sorry, structural asset quality improvement and cyclical slippages? So here are also two aspects. One thing is that if you look at the slippage number over the last two years of IOB, you will see slippage ratio around 0.11, 0.12 like that. Correct. Early slippage is around INR 250-INR 300 crores over a credit base of almost INR 3 lakh crores. All right. Slippage ratio is very low, and consistently, slippage ratio at this level, which should lead you to believe that asset quality is good and being properly monitored and reviewed. Another part of your question is EWS, early warning signals. That is already automated. Almost 144 different scenarios have been put in the system. It's a software. And early warning signals are getting generated on a regular basis. And those alerts are acted upon by the teams which have been put for this activity. So it works like a well-oiled machinery. And that is how slippage control has been there consistently over the last two years or more than two years. And accordingly, it will continue like this only in future also. Correct. Correct. Correct. One more thing. There has not been any corporate slippage over the last two years, two and a half years or three years. Absolutely. All right, sir. So another question I have on valuation re-rating triggers. So like PSU banks often trade at a discount despite improved fundamentals. So my question is, what two or three execution milestones would the IOB management view as critical for a sustained valuation re-rating given the stock existence? Our job is to give good numbers, show consistent growth. And consistently, quarter on quarter, whatever is supposed to grow, it has grown. Whatever is supposed to come down, it is coming down. So we are very consistent in whatever we do. And beyond that, it is market dynamics on that. We do not have any control. All right, sir. Thank you so much and all the best for the next quarters. Thank you. Thank you. We take the next question from the line of Ashlesh Sonje from Kotak Securities. Please go ahead. Hi, sir. Good evening. Sir, two questions from my side. Firstly, can you talk about the outlook for margins over the next few quarters? And secondly, how do you think about the traction on bad loan recoveries going ahead next quarter and then in FY 2027? The margin you can see, in fact, for June to September quarter two, IOB was the only bank whose NIM margin improved despite rate cut of 1% by the regulator June quarter. And if you see my domestic NIM, from September to December Q3 also, it has improved by 7 bps, 3.35%-3.42%. And global NIM from 3.21%-3.32%. So NIM, despite rate cut of 125 basis points in the last nine, 10 months, we have been able to ensure that margin gets sustained and only NIM improves. Right now, 3.32% of global NIM, I think it's very comfortable, very healthy. And we intend to maintain in this range only, 3.3%-3.4% going forward also. Okay, sir. And second was on the outlook for bad loan recoveries. Yeah. Sorry, so recovery, we have done INR 2,600 crores for this financial year in nine months. This quarter, we did around INR 890 crores, and in Q4, we all know that Q4, everything happens more aggressively in this Q4. So, additional, in this quarter, we expect that INR 1,400 to INR 1,500 crores of recovery we'll be doing. So, by the year end, we will be crossing INR 4,000 crores of recovery as planned in the beginning of the year. Perfect, sir. That is very useful. Thank you. Thank you. Thank you. Ladies and gentlemen, if you wish to ask a question, please press star and one. As there are no further questions from the participants, I now hand the conference over to the management of Indian Overseas Bank for closing comments. Yeah. So thank you, everyone, for sparing time and listening to the performance, listening about the performance of IOB. So numbers have already been shared with all of you. And only one thing I have to say is that we have been consistently doing whatever is required to be done as a commercial bank. And second consecutive quarter, we have shown growth of net profit by more than 50%. For September, it was 57%. And for Q3, it is 56%. Operating profit also has shown a good growth. Net interest income has grown. And in all the critical areas, ROA, you can see it is consistently improving. Now it is at 1.28. ROE stands at 20%. ROE, 20.98%. So bank is on a growth trajectory. Business, sorry, business we have grown by 18%. Credit, we have grown by 24%. So bank is on a growth path. Momentum is there. And we intend to continue with this aggressiveness only going forward. And our objective and aim is to be known as a bank which consistently performs. That consistent word, we are more focused on that. And I do hope that the team which is with me at IOB, 21,000 IOBians, both the ADs and the top management, we all are perfectly aligned to take this bank to the greater heights. And going forward, quarter on quarter, we are pretty sure that we will be able to show the numbers which take us in that direction. So thank you, everyone, for joining and sparing your time. Thank you. On behalf of the board of directors and the management team, we sincerely thank you for your participation and continued support. Indian Overseas Bank wishes you a successful and prosperous 2026. Thank you. On behalf of Indian Overseas Bank and Veritas Reputation, we conclude this conference. Thank you for joining us. And you may now disconnect your line.