Indian Bank raises FY27 growth guidance, plans 100 branches; CEO sees recoveries exceeding target

New Delhi: State-owned Indian Bank has increased its loan and deposit growth targets for fiscal year 2027 (FY27) after reporting strong business growth in the first half of the year, managing director and chief executive officer Binod Kumar said in an interview with Mint on Sunday.The bank also expects to recover more money from bad loans than initially targeted, and open 100 branches this financial year, with a focus on western and central India.“The bank has raised its deposit growth…