Indian Bank

Indian Bank to add 100 branches, increase headcount by 2,500 in FY27

Indian Bank plans to add about 100 branches this year, with a primary focus on increasing the bank's presence in the Central and Western parts of the country. To manage growing business and replace retiring employees, the bank would increase its headcount by about 2,500 personnel, including specialist officers. "Last year we opened 100 branches. This year too we have similar plans. Just on August 15, which was our foundation day, the bank inaugurated 15 branches across the country," Indian Bank MD and CEO Binod Kumar told PTI in an interaction. The bank had 6,003 domestic branches and three overseas -- Singapore, Colombo and Jaffna and IFSC Banking Unit (IBU) at Gandhinagar as of June 30, 2026. The seventh-biggest public sector bank enhanced its presence in the eastern region and Uttar Pradesh with the amalgamation of Allahabad Bank in 2020. "Now we are trying to increase our presence in the Central and Western parts of the country," he said. On the recruitment side, Kumar said,

Gold loan portfolio to surpass ₹1.5 trillion by FY27 end: Indian Bank MD

Public sector lender Indian Bank expects its gold loan book to cross Rs 1.5 lakh crore in the current financial year, supported by robust demand for the product. "Gold loan is safe lending for banks...it is not a consumption loan, but mostly it is income-generating and also helps small businesses to grow. Last year, we saw very significant growth of 30 per cent in the segment due to a jump in gold prices. It will be slower this year as there is a 30 per cent decline in gold prices," Indian Bank MD and CEO Binod Kumar told PTI in an interaction. This growth would come from tonnage, he said, adding that the gold loan segment is likely to grow about 20 per cent. Currently, the gold loan portfolio is around Rs 1.25 lakh crore, and the book should exceed Rs 1.5 lakh crore during this financial year at the anticipated growth rate, he said. Kumar further said that RAM (Retail, Agriculture, and MSME) constitutes 65 per cent of the overall loan book while the remaining 35 per cent is from .

Indian Bank plans to raise $400 mn via ECB this week: MD Binod Kumar

To cash in on the RBI's concessional swap window, Indian Bank plans to raise USD 400 million through External Commercial Borrowings (ECB) this week to support its business growth. In addition, the public sector lender may mop up another USD 600 million via ECB before the Reserve Bank of India's deadline of December 31, 2026. "The bank is considering raising USD 400 million via the ECB route as early as this week...the overseas fund raise would come at a very competitive rate," Indian Bank MD and CEO Binod Kumar told PTI in an interview. Post August, he said, the bank would consider garnering another USD 600 million as the RBI window is available till the end of the calendar year. Overall, the bank is planning to garner USD 1 billion from the ECB and about USD 2 billion via Foreign Currency Non-Resident (Bank) or FCNR (B) deposits, he said. "Indian Bank has already raised USD 1.5 billion from FCNR(B) deposits...we have seen good demand from NRIs. They are willing to put their money

Technical view: Indian Bank, PB Fintech, Shriram Finance show bullish setup

Ajit Mishra of Religare Broking said that 24,000-24,200 zone has emerged as the next major support for Nifty. He also said that Indian Bank, PB Fintech and Shriram Finance are showing a bullish setup.

Nifty PSU Bank index surges 2% in weak market; PNB, UBI gain up to 5%

At 11:31 AM on Wednesday, the Nifty PSU Bank index was the top gainer among sectoral indices up 1.6 per cent, as compared to a 0.74 per cent decline in the Nifty 50.

Indian Bank aims to more than double business to ₹35 trillion by 2032

The public sector lender plans to strengthen its presence in Delhi and Mumbai while relying on MSME growth and financial inclusion to achieve its long-term business target

Punjab National Bank's profit to cross ₹20,000 cr mark in FY27: MD Chandra

Enthused by the consistent financial performance of the last four quarters, Punjab National Bank MD and CEO Ashok Chandra exuded confidence that the bank's profit would surpass the Rs 20,000 crore mark this financial year. The public sector lender had earned a net profit of Rs 16,904 crore in the previous financial year. From the second quarter of last financial year, the bank has been maintaining a net profit of over Rs 5,000 crore every quarter, Chandra told PTI in an interview. "We have maintained the same trend in the first quarter (ongoing financial year). And I am hopeful and confident that with the profitable growth, which is happening in the system....we will be surpassing the Rs 5,000 crore number and every quarter will be reaching a new height," he said. Asked if the bank can cross the Rs 20,000 crore mark during FY27 at this run rate, he said, "If I am telling that every quarter Rs 5,000 crore of net profit will happen, I think that goes to that figure which you are talk

Indian Bank aims to recover up to ₹5,500 crore from bad loan in FY27: MD

Public sector lender Indian Bank is targeting up to Rs 5,500 crore from the recovery of bad loans during the current financial year. "The recovery made during the first quarter was Rs 1,885 crore, and the aim is to garner Rs 4,500 crore to Rs 5,500 crore under this head in FY27," Indian Bank MD and CEO Binod Kumar told PTI in an interaction. Of this, the Chennai-based bank hopes to realise Rs 500 crore during the ongoing financial year from cases listed before NCLT. Asked about the foreign currency deposit mobilisation drive started last month, he said the bank has collected USD 140 million till July 9. "My plan is to raise around USD 2 billion in FCNR (B) deposits till September. It may seem high, but I already have a pipeline of USD 1 billion," he said. Indian Bank currently offers interest rates varying from 5.5-6.5 per cent on FCNR (B) deposits depending on tenure and amount. In a bid to attract foreign currency deposits by Non-Resident Indians (NRIs), Overseas Citizens of In

Indian Bank, Bank of Maharashtra begin Q1 earnings season on a high

Indian Bank looks to mobilise $2 bn in FCNR (B) deposits

Nifty PSU Bank soars 4%, Indian Bank up 10% post Q1 nos; analysts upbeat

PSU Bank index logged its sharpest intra-day gain in three months on Friday. Analysts expect PSU Banks to outdo private peers on earnings front on improvement in asset quality and high credit growth.

Indian Bank Q1 results: Net profit rises 10% to ₹3,273 cr, revenue up 11%

State-owned Indian Bank on Friday posted a 10 per cent rise in net profit to Rs 3,273 crore in the first quarter of the current financial year. The Chennai-based lender had earned a net profit of Rs 2,973 crore in the same quarter of the previous fiscal. The lender's total income increased to Rs 20,724 crore during the June quarter of 2026-27 from Rs 18,721 crore in the same period of FY26, Indian Bank said in a regulatory filing. Interest earned by the bank also improved to Rs 18,090 crore, compared to Rs 16,283 crore in the year-ago period. Net Interest Income (NII) increased by 17 per cent to Rs 7,435 crore from Rs 6,359 crore in the June quarter of FY26, it said. During the period under review, its operating profit increased to Rs 5,557 crore from Rs 4,770 crore in the same quarter a year ago. The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 1.86 per cent of gross advances at the end of the June quarter from 3.01 per cent a year ..

Q1 results: Indian Bank, Bank of Maharashtra, Just Dail and 7 others today

Q1FY27 company results: Firms including L&T Finance, Elecon Engineering Company and International Travel House are also set to release their earnings today

Canara Bank, Bank of Baroda, Indian Bank pay ₹7,023 cr dividend for FY26

Public sector lenders Canara Bank, Bank of Baroda (BoB) and Indian Bank together paid a dividend of Rs 7,023 crore to the government for the financial year 2025-26 on Monday. Newly appointed Canara Bank MD and CEO Brajesh Kumar Singh presented a dividend cheque of Rs 2,397 crore to Finance Minister Nirmala Sitharaman in the presence of Financial Services Secretary Sanjay Lohiya. For the financial year 2025-26, Canara Bank declared a dividend of 4.2 per share, representing 210 per cent of the face value of Rs 2 each, the lender said in a statement. The dividend payout is a testament to Canara Bank's strong financial performance and its ongoing commitment to creating long-term value for all stakeholders, including its majority stakeholder, the Government of India, it said. In its statement, BoB said the bank's MD and CEO, Debadatta Chand, presented a dividend cheque of Rs 2,811 crore to the Finance Minister. For 2025-26, the bank declared a dividend of Rs 8.50 per equity share, ...

Have enough currency stocks to replenish ATMs: RBI Governor Sanjay Malhotra

Governor Sanjay Malhotra says the central bank has adequate currency stocks and will ensure prompt replenishment wherever ATMs face cash shortages

Indian Bank, Phoenix Mills among stocks to buy post RBI Policy: Teji Mandi

Jatin Gedia of Teji Mandi reckons that Indian Bank, Phoenix Mills and PFC have found support at their respective 200-DMAs and look ripe for further upside, according to technical charts.

Public sector banks start sending their employees back to West Asia

Had temporarily recalled officials handling treasury, wholesale, and corporate banking as war escalated

MSCI rejig: Adani Energy, MCX join Global Standard Index; Hyundai, RVNL out

India's weightage in the MSCI Standard Index remained broadly unchanged at 12.3 per cent, versus 12.4 per cent earlier

Indian banks resume gold, silver imports after month-long halt over 3% levy

The resumption is expected to boost the country's gold imports, widen ‌the trade deficit and put more pressure on the rupee, which is among Asia's worst-performing currencies this year

Indian Bank sees ₹4,000-6,000 crore ECL impact, plans QIP in Q3 FY27

Indian Bank plans a qualified institutional placement in Q3 FY27 to absorb the impact of RBI's expected credit loss framework coming into effect from April 2027

Retail, agri credit growth pace to continue: Indian Bank MD & CEO

Indian Bank's CEO flags continued deposit pressure and cautious margin outlook even as credit growth and asset quality remain stable