HDFC Bank has signed a memorandum of understanding (MoU) with the National Small Industries Corporation (NSIC) for providing credit support to the micro, small and medium enterprise (MSME) sector. The branches of HDFC bank will extend support to the MSME projects in the areas they are located in and to other important industrial sectors across the country. Under this, the country’s largest private sector bank will also provide MSMEs with a set of specially-tailored schemes to enhance their competitiveness.
About the National Small Industries Corporation:
National Small Industries Corporation (NSIC), is an ISO 9001:2015 certified Government of India Enterprise under the Ministry of Micro, Small and Medium Enterprises (MSME).
Important takeaways for all competitive exams:
- Headquarters of HDFC Bank: Mumbai, Maharashtra;
- MD and CEO of HDFC Bank: Sashidhar Jagdishan;
- The tagline of HDFC Bank: We understand your world.