The Latest Breaking News from Binod Kumar

Indian Bank to enter life insurance business, soon to seek board nod

Indian Bank plans to enter life insurance and asset management sectors soon. The bank is seeking board approval for these proposed new ventures. Identifying a strong partner is crucial for accelerating wealth creation efforts. Indian Bank also aims to open a representative office in Dubai. This move will leverage business…

The Economic Times · Sep 13

Indian Bank launches AI-TARA voice banking, Smart Wealth and IND Cash Optima at Global Fintech Fest 2026

Indian Bank launched new digital banking solutions at the Global Fintech Fest. AI-TARA, a voice-based assistant, offers banking services in ten languages. Smart Wealth provides a consolidated view of customer finances and spending analytics. IND Cash Optima digitizes cash management for corporate clients. These innovations aim to enhance customer experience…

The Economic Times · Sep 10

Indian Bank to open representative office in Dubai to expand foreign operations

Indian Bank plans to open a representative office in Dubai after receiving board approval, targeting business from the large Indian diaspora in West Asia. The public-sector lender is also exploring a presence in Malaysia and Indonesia and plans to add 100 domestic branches this year.

The Economic Times · Sep 6

Indian Bank targets Rs 35 lakh crore business by 2032 after crossing Rs 15 lakh crore milestone: MD & CEO

"On 125th year, that means 2032, we have set a target of 35 lakh crore business. In June we are at 15 lakh crore. That means we have to become 2.3 times what we are. We will become a 35 lakh crore bank by 2032 and, with the support the…

The Economic Times · Aug 5

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

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…

The Economic Times · Jul 12

India’s fight against bonded labour: A tale of delayed rehabilitation

Manoj Kumar Anant and his wife Shakuntala Bai were rescued from bonded labour at a brick kiln in Uttar Pradesh’s Kushinagar in 2022. He had told IndiaSpend in September 2023 that he was waiting for rehabilitation assistance under the Union government’s Central Sector Scheme for Rehabilitation of Bonded Labour, 2021.…

Newslaundry · Jun 9, 2025