VERIFIEDET Finance·12 Jul 2026neutral

Indian Bank aims to recover Rs 5,500 from bad loans during FY27: MD Binod Kumar

AI Summary

·Indian Bank aims to recover Rs 5,500 crore from bad loans during FY27.
·The bank has collected USD 140 million in foreign currency deposits and plans to raise USD 2 billion in FCNR(B) deposits by September.
·Current Account and Savings Account deposits grew by 15.3 percent, and the bank revived seventeen lakh inoperative accounts in the June quarter.