- Indian Bank plans to add about 100 branches this year, focusing on expanding its presence in the Central and Western parts of the country.
- To manage growing business and replace retiring employees, the bank would increase its headcount by about 2,500 personnel, including specialist officers.
- The bank aims to reduce gross non-performing assets (NPAs) to 1.5-1.6% and net NPAs to 0.15-0.2% by the end of the current financial year.
- Additionally, the bank plans to sell ₹200 crore in bad loans to an asset reconstruction company (ARC) during the current financial year.
- The lender expects its gold loan book to cross ₹1.5 lakh crore in the current financial year, supported by robust demand.
- In 2020, the amalgamation of Allahabad Bank enhanced Indian Bank's presence in the eastern region and Uttar Pradesh.
- Last year, Indian Bank opened 100 branches and on August 15, it inaugurated 15 branches across the country.
- As of June 30, 2026, Indian Bank had 6,003 domestic branches and three overseas branches, with total employees at 41,875.
Indian Bank is set to enhance its operations by adding 100 branches and hiring 2,500 personnel in FY27, primarily targeting the Central and Western regions of India. This expansion follows the bank's previous year where it also opened 100 branches, including 15 on its foundation day, August 15.17
As of June 30, 2026, the bank operated 6,003 domestic branches and three overseas branches. The total workforce stood at 41,875, and the bank aims to bolster its headcount to manage business growth and replace retiring employees.8
In terms of financial performance, Indian Bank is targeting a reduction in gross non-performing assets (NPAs) to 1.5-1.6% of total advances and net NPAs to 0.15-0.2% by the end of the current fiscal year. Additionally, the bank plans to sell ₹200 crore in bad loans to an asset reconstruction company (ARC) this year.3
The bank's gold loan portfolio is expected to surpass ₹1.5 lakh crore, driven by a projected growth rate of 20%. Currently, the gold loan book stands at approximately ₹1.25 lakh crore. Despite a 30% decline in gold prices this year, the bank anticipates continued demand, as Kumar noted, "Gold loan is safe lending for banks...it is not a consumption loan, but mostly it is income-generating and also helps small businesses to grow."5
“The bank inaugurated 15 branches on its foundation day, August 15, and aims to cut gross NPAs to 1.5-1.6% by fiscal year-end. It also plans to sell ₹200 crore in bad loans to an ARC, with gold loan growth expected at 20% despite a 30% price decline.”
