New Delhi, Oct. 18 -- State-owned Indian Bank has increased its loan and deposit growth targets for fiscal year 2027 (FY27) after reporting strong business growth in the first half of the year, managing director and chief executive officer Binod Kumar said in an interview with Mint on Sunday.

The bank also expects to recover more money from bad loans than initially targeted, and open 100 branches this financial year, with a focus on western and central India.

"The bank has raised its deposit growth guidance to 11-12% from 9-11% earlier, while its advance growth guidance has been increased to 13-14% from 11-13%," Kumar said.

The revised outlook comes as the bank reported a 12.5% year-on-year increase in deposits to Rs.8.74 trillion and ...