Chennai-based Indian Bank is preparing to raise ₹5,000 crore (approximately $600 million USD) through a qualified institutional placement (QIP) in the third quarter of FY27 to mitigate the impact of the expected credit loss (ECL) framework set to take effect in April 2027. Managing Director and CEO Binod Kumar stated that the anticipated ECL impact ranges from ₹4,000 to ₹6,000 crore, which the bank plans to absorb using existing provisions of around ₹800 crore. The bank has received approval for the capital raise, which may be adjusted based on requirements and investor interest. The last QIP was heavily subscribed, and Kumar expressed confidence in similar interest this time. Additionally, the bank is establishing a wealth management vertical, aiming to tap into the growing number of high-net-worth individuals in India, as traditional banking margins are expected to decline. The bank's corporate loan book stands at approximately ₹2.14 trillion, with a focus on sectors such as renewable energy and data centers. Furthermore, the bank's digital strategy aims to increase the share of digitally sourced business from 18% to 50% within the next few years.