Indian Bank

Indian Bank has announced the appointment of Mini T M as its new Executive Director, marking a strategic move in strengthening leadership at one of India’s leading public sector banks. With extensive experience in banking operations, credit management, and risk assessment, Mini T M is expected to drive growth initiatives, operational efficiency, and digital transformation. The appointment aligns with the bank’s vision to enhance customer service, expand lending portfolios, and bolster its market presence.

Indian Bank, a leading public sector lender, reported a strong 32% year-on-year rise in net profit for the fourth quarter of FY2024–25, reaching Rs. 2,956 crore. The stellar performance was driven by improved interest income, tighter control over bad loans, and a surge in the bank’s core operational earnings. Asset quality metrics showed notable improvement, with gross NPAs and net NPAs declining sharply. For the full year, profit soared by 35% to Rs. 10,918 crore. With capital adequacy strengthening and profitability metrics peaking, the bank’s board has proposed a Rs.

Indian Bank has announced a significant initiative aimed at empowering women entrepreneurs through a loan disbursement target of Rs 20,000 crore to Self Help Groups (SHGs) across India for the current financial year. The initiative, launched during the 'Mega SHG Credit Outreach Programme' in Bhubaneswar, is a part of the government's larger vision for inclusive economic growth, specifically targeting one crore women under the 'Viksit Bharat 2047' mission.