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Indian Bank has set a target to more than double its total business

ICICIdirect Research 06 Aug 2026 DISCLAIMER

News: As per media sources, Indian Bank has set a target to more than double its total business to ₹35 lakh crore by 2032 from ₹15.29 lakh crore as of June 2026, driven by sustained growth in the MSME segment and expansion of its retail, agriculture and MSME (RAM) portfolio. The bank’s business currently comprises ₹8.45 lakh crore of deposits and ₹6.85 lakh crore of advances, both growing nearly 14% YoY, while RAM advances rose nearly 15% YoY to ₹4.17 lakh crore, accounting for 66% of the loan book. Management also plans to strengthen its branch presence in Delhi and Mumbai to support its long-term ambition of becoming a global bank, while continuing its focus on financial inclusion and maintaining consistent profitability.

View: The aspiration to scale total business to ₹35 lakh crore by 2032 reflects Indian Bank’s long-term growth ambition, with continued focus on MSMEs, RAM lending and geographic expansion. However, the target remains execution-intensive and will depend on the bank’s ability to consistently deliver healthy growth while maintaining asset quality, margins and capital discipline over the next several years

Impact: Neutral

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