The projection, attributed to Indian Bank’s managing director, puts gold lending in focus for the bank. It is an expectation for the portfolio, rather than a level already reached. The supplied report does not give the current size of the gold loan book.

The bank expects growth to come from increased loan volumes, backed by continued demand for borrowing against gold. However, the report does not specify a percentage growth target or explain how much additional lending would be needed to cross the projected portfolio size.

Indian Bank also reported a substantial rise in current account and savings account deposits, known as CASA, during the first quarter. The report does not provide the deposit amount, growth rate or comparison period, so the scale of that increase cannot be assessed from the available details.

Separately, the bank raised USD 400 million through an overseas bond issue. The report does not state the bond’s pricing, tenure or intended use of the proceeds. It also does not link that fundraising to the expected expansion in gold loans.