Mumbai:
Indian Bank distributed sanction letters aggregating to ₹1,220 crore across the
Retail, Agriculture and MSME sectors at a Mega Disbursement and Customer
Outreach Camp organised in Mumbai covering the regions of Maharashtra, Gujarat
and Goa as part of its 120th Foundation Day fortnight celebrations.
Shri Binod
Kumar, MD & CEO, Indian Bank, inaugurated the camp and handed over sanction
tickets to the beneficiaries. Out of the total sanctions, the MSME segment
accounted for ₹615 crore underscoring the Bank’s commitment to
supporting entrepreneurs and the growth of the MSME sector.
Speaking
on the occasion, Shri Binod Kumar, MD & CEO, Indian Bank, said, “Indian
Bank remains committed to delivering superior customer service while driving
transformative initiatives across the RAM segments. Timely and adequate access
to credit is critical to enabling individuals, farmers and entrepreneurs to
realise their aspirations. These sectors are key drivers of employment
generation, entrepreneurship and inclusive economic growth, and we will
continue to strengthen our efforts to provide customer-centric financial
solutions that support their growth and development.”
The
initiative is aligned with the Bank’s strategic objective of strengthening its
presence across the RAM segments and contributing to inclusive growth through
customer-centric banking, enhanced access to credit, and support for the
financial aspirations of individuals, farmers and entrepreneurs.
Bank has
undertaken various CSR initiatives across the country as part of the ongoing Foundation
Day celebrations. While the Bank donated computers, laptops and essential
infrastructure items to Victoria Memorial School for the Blind, Mumbai,
financial assistance towards the development of sports activities was provided at
Cochin University of Science and Technology (CUSAT) by Executive
Director Ms Mini T.M. in a function held at Cochin.