Chennai: Indian Bank has announced the inauguration of two specialized MSME branches in Ambattur (Chennai) and Coimbatore . These specialized branches will provide focused, efficient, and personalized services in one place to MSMEs including credit facilities, forex services, Letters Credit (LC)/Bank Guarantee (BG), and other bank products.
The Micro Small and Medium Enterprises (MSMEs) Sector plays a pivotal role in the growth of the economy. It makes a crucial contribution in enhancing employment, exports, and the GDP of the country. In the past too, Indian Bank has consistently supported MSMEs through tailored products and services. The current one-stop solutions will streamline the delivery process for MSMEs and ensure timely assistance with improved turnaround time (TAT).
Highlighting the significance of the initiative, Shri Brajesh Kumar Singh, Executive Director, Indian Bank, emphasized that the introduction of new branches reflects the commitment of the bank to empower MSMEs through personalized financial solutions and services. The bank plans to establish more specialized branches in other regions as well in the future.
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