Indian Bank will be expanding its loan portfolio in several new segments such as renewables, ethanol, smart metering, and e-commerce and associated areas to drive incremental growth. The Chennai-headquartered bank has reported 13 per cent growth in advances in FY24 and has indicated that it would strive to maintain the same level of growth in loans during this fiscal too.With strong economic growth and buoyant GST collections, the public sector lender expects a healthy demand for credit this fiscal. While the traditional segments are likely to maintain their growth levels, the bank is also focusing on emerging segments for additional growth opportunities.
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