Indian Bank aims to recover up to ₹5,500 crore from bad loan in FY27

• Indian Bank plans to recover ₹4,500–₹5,500 crore from bad loans in FY27.
• In the first quarter, it has already recovered ₹1,885 crore.
• Around ₹500 crore is expected from cases in NCLT (bankruptcy cases).
• The bank is also raising foreign currency deposits (FCNR-B):
  • Collected $140 million so far
  • Target is $2 billion by September

Indian Bank apne bad loans ka paisa wapas lane par focus kar raha hai aur saath hi foreign deposits collect karke funds badha raha hai.

economictimes

https://www.business-standard.com/industry/banking/indian-bank-aims-to-recover-up-to-5-500-crore-from-bad-loan-in-fy27-md-126071200176_1.html