Larger balance sheet helps you give bigger loans: Indian Bank's Chunduru

'Indian Bank is strong in terms of business correspondents', said Chunduru

The government in August last year announced plans to merge 10 public sector banks (PSBs) into four. The move included Allahabad Bank's merger with Indian Bank, creating the seventh-largest public sector bank (PSB) with Rs 8.08 trillion on its books. In an interview with T E Narasimhan, Padmaja Chunduru, managing director and chief executive officer, Indian Bank, said work is proceeding on schedule and it would be one of the most successful mergers in the Indian banking sector. Edited excerpts:

How is the merger process (with Allahabad Bank) progressing?

It is on schedule and we are sticking to our deadlines. However, it