Indian Bank's cost of deposits may rise 5-10 bps in coming quarters, says CEO SL Jain

Indian Bank’s cost of deposits is expected to rise by 5-10 basis points in the coming quarters, according to CEO Shanti Lal Jain. The increase is attributed to the tightening liquidity conditions and rising interest rates in the market. Despite the anticipated rise in deposit costs, the bank remains optimistic about its growth prospects. Indian Bank has been focusing on expanding its digital banking services and improving operational efficiency to mitigate the impact of rising costs. The bank’s strategic initiatives, including cost optimization and revenue diversification, are expected to support its financial performance in the face of changing market conditions.