Indian Bank eyes recovery of Rs 7,000 crore this financial year : MD & CEO Shanti Lal Jain

Indian Bank aims to recover ₹7,000 crore this financial year, focusing on improving asset quality and reducing bad loans. The bank's MD & CEO, Shanti Lal Jain, emphasized strategies such as enhancing the recovery process and proactive measures to manage non-performing assets (NPAs). Indian Bank has outlined a detailed plan to boost recovery efforts and strengthen financial health. Jain's approach includes legal measures, restructuring of loans, and collaborative efforts to resolve disputes effectively. The bank is also looking into optimizing its recovery mechanisms to achieve its ambitious target, ensuring a robust financial position by the end of the fiscal year