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Indian Bank aims to recover Rs 5,500 from bad loans during FY27: MD Binod Kumar
Indian Bank aims for Rs 5,500 crore bad loan recovery this financial year. The bank has already collected USD 140 million in foreign currency deposits. It plans to raise USD 2 billion in FCNR(B) deposits by September. Current Account and Savings Account deposits saw robust growth of 15.3 percent. Indian Bank revived seventeen lakh inoperative accounts in the June quarter.
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thehindubusinessline.com
Indian Bank Q1FY27 profit up 10% at ₹3,273 crore
Indian Bank reports a 10% rise in Q1FY27 profit to Rs 3,273 crore, driven by strong business growth and improved asset quality.
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Indian Bank sees fresh FCNR (B) deposits worth $140 million since new RBI rule; optimistic of clocking $2 b till Sept
Indian Bank raises $140 million in FCNR (B) deposits, aiming for $2 billion by September under new RBI guidelines.
