To handle rising enterprise and exchange retiring workers, the financial institution would enhance its headcount by about 2,500 personnel, together with specialist officers.
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“Final 12 months we opened 100 branches. This 12 months too we’ve got related plans. Simply on August 15, which was our basis day, the financial institution inaugurated 15 branches throughout the nation,” Indian Financial institution MD and CEO Binod Kumar instructed PTI in an interplay.
The financial institution had 6,003 home branches and three abroad — Singapore, Colombo and Jaffna and IFSC Banking Unit (IBU) at Gandhinagar as of June 30, 2026.
The seventh-biggest public sector financial institution enhanced its presence within the jap area and Uttar Pradesh with the amalgamation of Allahabad Financial institution in 2020.
“Now we are attempting to extend our presence within the Central and Western elements of the nation,” he stated.On the recruitment facet, Kumar stated, the financial institution would enhance its headcount by 2,500 throughout the present fiscal. Whole workers of the financial institution stood at 41,875 on the finish of June 30, 2026.
Requested about asset high quality administration, Kumar stated the financial institution has been managing it fairly effectively.
The financial institution goals to deliver down gross non-performing property (NPAs) to 1.5-1.6 per cent of the entire advances and Internet NPAs to 0.15-0.2 per cent by the top of the present monetary 12 months.
Moreover, he stated, the financial institution would undertake the sale of Rs 200 crore in dangerous loans to an asset reconstruction firm (ARC) throughout the present monetary 12 months.
On the asset facet, Kumar stated the lender expects its gold mortgage e book to cross Rs 1.5 lakh crore within the present monetary 12 months, supported by strong demand.
“Gold mortgage is secure lending for banks…it’s not a consumption mortgage, however largely it’s income-generating and in addition helps small companies to develop.
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“Final 12 months, we noticed very vital progress of 30 per cent within the phase on account of a bounce in gold costs. It will likely be slower this 12 months as there’s a 30 per cent decline in gold costs,” Kumar stated.
This progress would come from tonnage, he stated, including that the gold mortgage phase is more likely to develop about 20 per cent.
Presently, the gold mortgage portfolio is round Rs 1.25 lakh crore, and the e book ought to exceed Rs 1.5 lakh crore throughout this monetary 12 months on the anticipated progress fee, he stated.
Kumar additional stated that RAM (Retail, Agriculture, and MSME) constitutes 65 per cent of the general mortgage e book whereas the remaining 35 per cent is from company.
The financial institution needs to keep up the ratio going ahead, he stated, including that RAM has large capability for progress with lots of alternative in agriculture and MSMEs.
