New Head of Best-Performing Asian Bank Plans Strategy Change
- Indian Bank to seek loan business with highly rated companies
- Lender’s share price tripled in a year on consumer loan focus
An Indian Bank branch in New Delhi, India.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
The new head of state-owned Indian Bank wants to change a strategy that helped it become Asia’s top-performing bank stock over the past year.
After shunning corporate lending under its previous chief executive officer, Indian Bank’s new CEO Kishor Kharat says he wants to dive back in, albeit only to the best companies.