As India grows richer, banks will have to adjust to thinner margins: Indian Bank CEO

This report covers key India-focused updates related to loans, EMI, interest rates and banking. As India grows richer, banks will have to adjust to thinner margins: Indian Bank CEO Indian Bank's chief Binod Kumar expects interest rates to rise and net interest margins to fall as India develops. He plans to raise capital for Expected Credit Loss norms and launch a wealth management business. The bank aims for strong growth in retail and MSME loans. Consolidation could help Indian banks achieve global scale. (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online.