Indian Bank's new CEO plans strategy change

Mumbai

THE new head of state-owned Indian Bank wants to change a strategy that helped it become Asia's top performing bank stock over the past year.

After shunning corporate lending under its previous chief executive officer, Indian Bank's new CEO Kishor Kharat says he wants to dive back in, albeit only to the best companies.

"We are going to approach highly rated companies for business and we will get it," said Mr Kharat, who moved to Indian Bank from IDBI Bank after swapping jobs with former CEO Mahesh Kuma…