The proposed Dubai office will help Indian Bank reach the Indian community in West Asia. MD and CEO Binod Kumar said Indians account for nearly a third of Dubai’s working population, creating scope for NRI banking. The proposed presence is a representative office, rather than a full-service branch.

Indian Bank’s existing overseas network includes a full-service Singapore branch and branches at Colombo and Jaffna in Sri Lanka. Its IFSC unit at Gandhinagar’s GIFT City handles foreign-currency business and has performed well through syndicated lending, where several banks jointly fund a borrower.

Management is also examining opportunities in Malaysia and Indonesia, citing their Indian communities and commercial ties with India. The bank is seeking the required clearances from the RBI and overseas regulators for its expansion plans. An opening date for the Dubai office has not been stated.

Within India, expansion will focus on central and western regions. The target of 100 branches follows another 100 added last year. Fifteen branches opened on August 15, the bank’s foundation day. Its domestic network stood at 6,003 branches on June 30, 2024.

The planned recruitment covers specialist officers and general staff, supporting higher business volumes and replacing retiring employees. Following the 2020 Allahabad Bank merger, Indian Bank strengthened its presence in eastern India and Uttar Pradesh; the latest plans broaden that regional focus.