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The Economic Times
The Economic Times
Business

Indian Bank’s ₹1,500 crore treasury bet comes with a gold push: CEO Binod Kumar

Binod Kumar Indian Bank Gold Ram

Chennai: Public sector lender Indian Bank is looking to mobilise treasury income of Rs 1,000-1,500 crore in the current financial year, following better-than-expected first-quarter realisation.

During the first quarter, the bank anticipated an overall treasury income of Rs 300 crore, but actually earned Rs 500 crore, much better than expected, Indian Bank MD and CEO Binod Kumar told PTI in an interaction.

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