Indian Bank has reported 278.4 per cent growth in net profit for the quarter ended March at Rs 319 crore as against Rs 84 crore a year ago. Kishor Kharat, the MD and CEO of Indian Bank who assumed office this week, spoke to T E Narasimhan on his business vision of Rs 5 lakh crore by the end of March 2019. Heading one of the few public sector banks with good financials, Kharat said it is open for acquisitions. Edited excerpts:
What is your medium-term vision and strategy for the bank?
This bank is now on a strong footing,