Indian Bank has set a target to recover around Rs 7,000 crore during the current financial year, with approval from the Reserve Bank of India and shareholders to raise Rs 5,000 crore. The bank reported a 41% increase in net profit to Rs 2,403 crore for the April-June 2024 quarter due to a decline in bad loans. The recovery is expected to be more than the slippages during the current financial year.
from Banking/Finance-Industry-Economic Times https://ift.tt/LmZ1qDw
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