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IOB Soars On Divestment Hopes | Partha Pratim Sengupta, Indian Overseas Bank | The Market
IOB Soars On Divestment Hopes | Partha Pratim Sengupta, Indian Overseas Bank | The Market
ET NOW was the first to report in Feb 2021 that IOB would be one if the banks where the Govt look to divest stake and now reports suggest IOB along with Central bank could be privatized. Have you heard anything from the Govt? Which are the kind of investors that could be interested in IOB ? has there been any preliminary talks with investors, if so what is the feedback? How ready is IOB for privatization …What are the key opportunities that you foresee on privatization? Are there any challenges that you face especially on the employees front? Talk to us about the impact of Covid second wave on delinquencies ..which segments do you see the worst hit and will it lead to higher need for provisions? Impact of second wave on asset quality? What is the kind of recoveries and slippages that we can expect for FY22? Watch the full interview with Partha Pratim Sengupta, Managing Director & CEO, Indian Overseas Bank on The Market!
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