Indian Overseas Bank can test Rs 160 in near term, says Kamlesh Kotak, Vice President-Research, Asian Markets Securities Private Limited.
Kotak told CNBC-TV18, "Indian Overseas Bank has post strong result in Q4 FY11 and we see similar situation for FY12 Q1. The reason being the company has been aggressively providing for the pension liability, which is higher than the mandated one, which will see moderation of provisioning going forward.
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