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The Economic Times

Economy / The Economic Times

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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.

12 Jul 2026 10:56 am