Indian Bank rallies over 5% after appointment of new CEO and MD
Mon, Nov 25, 2024 10:54 AM

Indian Bank rallies over 5% after appointment of new CEO and MD

A Flip by Avya Verma
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Indian Bank's shares surged over 7% after Financial Services Institutions Bureau (FSIB) recommended Binod Kumar as CEO and MD, succeeding Shanti Lal Jain whose term ends December 31. The bank aims to meet growth targets, improve asset quality, and focus on profitable growth, with a 35% year-to-date share price increase.

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