Indian Bank expects margins to moderate in FY27 on elevated deposit costs

“Last year, we opened more than 300,000 salary accounts, which give you opportunity for cross-selling. We have also been able to convert around 3.3 million inoperative accounts to operative accounts,” he said, adding that this cumulatively accounted for ₹There was an increase in deposits by 4,685 crore. The bank also increased current account deposits by distributing 3,84,000 POS (point of sale) machines to member businesses. ₹7,800 crore.