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Indian Bank to focus on consolidation and profitability, says MD & CEO

The amalgamation of Allahabad Bank into Indian Bank has placed Indian Bank as the seventh-largest bank in India

Indian bank, MD & CEO Padmaja Chunduru
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The future road map for the Bank will be towards the consolidation of business with a focus on profitability, said Padmaja Chunduru, MD & CEO, Indian Bank.

T E Narasimhan Chennai
After the amalgamation of Allahabad Bank into the Indian Bank, the former has started taking various steps including organisational restructuring, diversifying loan books, emphasising on digital banking, changing the strategy to have lesser dependence on PDs/CDs and replace it with retail deposits among others.

The amalgamation of Allahabad Bank into the Indian Bank has placed Indian Bank as the seventh-largest bank in India with more than Rs 8.50 trillion business, 43,000 strong workforces and over 6000 branch networks with a strong CASA base.

The future road map for the Bank will be towards the consolidation of business with a focus on profitability,

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First Published: Jul 18 2020 | 11:10 AM IST

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