Indian Bank
Latest news, results and stock-moving updates on Indian Bank. Tracking 5 stories on Arth Vani.
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Latest on Indian Bank
BreakingIndian Bank to Open 100 New Branches and Hire 2,500 Staff in Major Western Push
Public sector lender Indian Bank has announced a major expansion plan to open 100 new branches and recruit 2,500 employees this year. The bank is shifting its focus toward the Central and Western regions of India while targeting a ₹1.5 lakh crore gold loan portfolio.
Indian Bank Gold Loan Book to Hit ₹1.5 Lakh Crore by FY27
Indian Bank anticipates its gold loan portfolio will exceed ₹1.5 lakh crore by the end of the current financial year, driven by strong demand and increased loan volumes. The bank also reported healthy CASA deposit growth and successfully raised USD 400 million via overseas bonds.
Indian Bank to Raise $400 Million via Foreign Loans to Fuel Business Growth
Public sector lender Indian Bank is set to raise $400 million through External Commercial Borrowings (ECB) this week. The bank also plans to secure an additional $600 million by 2026 and targets $2 billion in FCNR(B) deposits to support its digital and expansion goals.
Indian Bank to Raise $400 Million via Foreign Loans to Fuel Business Growth
Public sector lender Indian Bank is set to raise $400 million through External Commercial Borrowings (ECB) this week. This move is part of a larger plan to secure $1 billion in foreign funding and $2 billion in FCNR(B) deposits to support its digital and credit expansion.
Bad Bank NARCL Recovers ₹575 Crore from Agson Global, Boosting Bank Books
India's state-backed 'bad bank', NARCL, has successfully recovered ₹575 crore from aroma manufacturer Agson Global. This marks a significant win for public sector lenders who received nearly ₹200 crore more than their initial security value.
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