Indian Bank Disburses ₹1,220 Crore Under Retail, Agriculture and MSME (RAM) Segments

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.

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, 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 Mini T.M. in a function held at Cochin.