Indian Bank to be more focussed on fee income and cost optimization
The financial year 2022, may suffer a financial crisis in the monetary sectors, and Banks and other financial institutions will be subjected to it. So state-owned Indian Bank and many other banks are looking into the fee income and cost reduction mechanism to improve the bottom line.
In the financial year 2021, the operating expenses rose to Rs 10,349 crore which is almost 12%, the fee income rose to Rs 2,368 that is by 3% and interest income rose by 2% to Rs 39,106. After the amalgamation with Allahabad Bank, the expense ratio improved 149 BPS to 47.59% in the financial year 2021. 
Many countries have witnessed a turnaround in financial activity after a large mass of people got vaccinated. After the lockdown ends and vaccination reaches most of the population of India, the non-working sectors that were closed would resume and thereby accelerate the financial strength of the country.
It is quite tough to cope up with the monetary stress the nation is going through due to low GDP and Per Capita Income, but in near future, India would surely emerge as a financially competent nation.
