Laid strong base for growth, aiming at 13.5% CAGR by 2025: Indian Bank MD

Bank announces new vision and mission on first anniversary of Allahabad Bank amalgamation, launches Chatbot and IB Smart Office as well

Public sector lender Indian Bank on Thursday announced a new vision and mission and set a target of achieving compound annual growth rate (CAGR) of 13.5 per cent by financial year 2024-25 (FY25) as it celebrated the first anniversary of the amalgamation of Allahabad Bank.

“By FY25 the bank expects to grow its business at a CAGR of 13.5 per cent. In the current financial year, we are targeting a growth of 10-12 per cent,” said Padmaja Chunduru, managing director and chief executive officer of Indian Bank, after launching the vision and mission, HR mission, chatbot, and IB smart office initiatives.

In