Home National International Important Days Awards Sports Appointments Defence Summits Rank and Reports Books and Authors Banking State News Current Affairs in English Current Affairs in Hindi Miscellaneous

Latest

Indian Bank, Muthoot Microfin sign MoU


Indian Bank, Muthoot Microfin sign MoU



Public sector Indian Bank has signed a memorandum of understanding with Muthoot Microfinance to serve Micro, Small and Medium Enterprises(MSME). 

Under the memorandum of understanding, the bank and the non-banking finance company will jointly lend to the MSME borrowers. 

The agreement was signed by Sudhakar Rao, Indian Bank general manager-MSME &Praveen T, Muthoot Microfin deputy CFO (Chief Financial Officer) in the presence of the bank’s managing director (MD) and CEO (Chief Executive Officer) Padmaja Chunduru.