Indian Bank is hoping to end the current fiscal with a credit growth of 10-12%, said a top official.“In the last nine months, our deposits have grown by 10% against our target of 8-10%. Similarly, advances grew at 13% against our target of 10-12%,” Managing Director and CEO S.L. Jain told the media.“We have done well in all guidelines. The bank is in a better position and is well capitalized. We would like to close the fiscal with 10-12% growth,” he said.Asserting that the recovery during FY24 was more than the slippages, he said that they had set an initial target to recover ₹8,000 crore.
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Indian Bank eyes 10-12% credit growth in FY24
