Looking at the current level of things happening in economy, the Chennai-based bank, Indian Bank has said that it expects good business during the current fiscals. Its forecast is that it will be able to generate a business of Rs. 1.85 lakh crore business this fiscal.

During a press meet, T. M. Bhasin, chairman and managing director of the bank said that they were targeting to have a business of Rs. 1.85 lakh crore, which is 25 per cent higher than what the bank has achieved during the last fiscal.

It also plans to maintain a net interest margin of 3.5 per cent during this fiscal. Also the gross non-performing asset during the, fiscal end were 1.4 per cent.

When asked about the base rate, Bhasin said that they are going to be revised upwards very soon and will move up from the current figure of 8 per cent. The call on this topic, however, is to be taken by October 1.

Besides, the bank is also looking forward to have a credit growth of Rs. 16,000 crore in 2010-11. This is 24 per cent higher than what was achieved during last fiscal.