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The bureau interfaced with nine candidates from various public sector banks on May 24 for the forthcoming vacancy of managing director and chief executive officer in the Indian Bank, the BBB said in a statement. ....
Indian Bank looking to grow corporate loan book: MD SECTIONS Share Synopsis At the end of the December quarter, the lender’s total advances grew 7% out of which retail loans climbed 12%. Including the investments made through the targeted long term repo operations (TLTRO), the corporate book expanded 7%. Almost 75% of the bank’s exposure is to corporates rated above the investment grade. The bank is aiming to reach a cost-to-income ratio of 44% by the end of this year and 42% next year. INSIGHTS NSE Public sector lender Indian Bank is seeking to offer large corporate loans after its merger with Allahabad Bank, with its bigger size giving the merged entity significant unused corporate exposure limits. The bank aims to expand overall credit 12-13% in FY22, aided by healthy growth in both corporate and retail books. ....