Indian Bank aims to recover Rs 5,500 from bad loans during FY27: MD Binod Kumar

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Indian Bank aims for Rs 5,500 crore bad loan recovery this financial year. The bank has already collected USD 140 million in foreign currency deposits. It plans to raise USD 2 billion in FCNR(B) deposits by September. Current Account and Savings Account deposits saw robust growth of 15.3 percent. Indian Bank revived seventeen lakh inoperative accounts in the June quarter.