CHENNAI: Public sector Indian Bank will focus on the mid-corporate business and looks at 15% growth in the segment in FY25.
The portfolio in this segment stood at Rs 41,000 crore in the end of FY24 against Rs 33,661 crore in FY23.
Indian Bank MD & CEO S L Jain told reporters here on Tuesday that the bank entered into the mid-corporate business vertical in 2020-21.
“We will be growing at least 15% in the current fiscal in this segment. We will be adding 4-5 branches for the vertical in industrial cities,” he said. The bank operates 27 mid-corporate business branches including Namakkal and Rajkot. The portfolio in the segment ranges between Rs 25 crore and 100 crore.
On the digital front, the state-owned bank is expecting to reach the levels of rupees one lakh crore in the total digital business by the end of the current financial year (FY25). Its digital business was at Rs 81,000 crore as on March 31, 2024.
