3 days ago
Indian Bank Plans 100 Branches, 2,500 Hires in FY27
Indian Bank wants to grow during FY27.
It plans to open about 100 new branches, especially in Central and Western India.
The bank also plans to hire around 2,500 people.
Some of these workers will replace employees who retire.
Indian Bank wants fewer of its loans to become difficult for borrowers to repay.
It plans to sell ₹200 crore of bad loans to a company that manages such loans.
The bank expects its gold-loan business to grow from about ₹1.25 lakh crore to more than ₹1.5 lakh crore.
Loans to retail customers, farmers and small businesses make up 65% of its lending.
The bank expects gold loans to grow by about 20%, partly through lending against more gold.
Indian Bank plans to open about 100 branches in FY27, focusing mainly on Central and Western India.
The lender expects to add around 2,500 employees, including specialist officers, to support growth and replace retirees.
Indian Bank aims to reduce gross NPAs to 1.5-1.6% and net NPAs to 0.15-0.2% by the end of FY27.
The bank plans to sell ₹200 crore of bad loans to an asset reconstruction company during FY27.
Its gold-loan portfolio is expected to exceed ₹1.5 lakh crore, compared with about ₹1.25 lakh crore currently.
- Who
- Indian Bank and its MD and CEO, Binod Kumar.
- What
- The bank plans to open about 100 branches, hire approximately 2,500 employees, improve asset quality and expand gold lending during FY27.
- Where
- The branch expansion will focus on Central and Western India. Indian Bank also operates across India, with overseas branches in Singapore, Colombo and Jaffna, plus an IFSC Banking Unit in Gandhinagar.
- When
- During FY27; the plans were reported on August 30, 2026. Branch and workforce figures cited in the reports were as of June 30, 2026.
- Why
- To strengthen the bank’s presence, manage growing business requirements and replace retiring employees.
Key facts
- Planned branches
- About 100 new branches during FY27
- Planned hiring
- Around 2,500 employees, including specialist officers
- Existing network
- 6,003 domestic branches as of June 30, 2026, plus three overseas branches and an IFSC Banking Unit
- Current workforce
- 41,875 employees as of June 30, 2026
- Asset-quality targets
- Gross NPAs of 1.5-1.6% and net NPAs of 0.15-0.2% by the end of FY27
- Bad-loan sale
- ₹200 crore planned for sale to an asset reconstruction company
- Gold-loan portfolio
- About ₹1.25 lakh crore currently, expected to exceed ₹1.5 lakh crore during FY27
- Loan composition
- Retail, Agriculture and MSME loans account for 65% of the loan book; corporate loans account for 35%
Quotes
Binod Kumar
Indian Bank managing director and chief executive officer
“Last year we opened 100 branches. This year too we have similar plans. Just on August 15, which was our foundation day, the bank inaugurated 15 branches across the country.”
thehansindia.com
thehindubusinessline.com
“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.”
thehindubusinessline.com
Sources
Related news
Indian Bank Gold Loan Portfolio Seen Surpassing ₹1.5 Lakh Crore
PM Modi's Ambitious Fortune 500 Target for Indian Companies
Aditya Birla Capital Enters Gold Loans, Plans 1,000 Branches Nationwide
Indian Bank to raise $400 million via ECB this week
L&T Finance plans 26 new West Bengal gold-loan locations
Modi Sets 2047 Targets: 50 Fortune 500 Companies, Top Bank
Higher Rates Add Nearly ₹46 Lakh to Home-Loan Costs
Indian Bank CEO Highlights Andhra Pradesh’s Investment Transformation
Special August 2026 FDs Offer Varied Rates and Terms
IBPS Clerk Recruitment 2026 Registration Ends For 11,403 Vacancies Tomorrow
