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.
Static/Current Takeaways Important For RRB NTPC/SSC CGL:
- Indian Bank founded: 15 August 1907.
- Headquarters: Chennai, Tamil Nadu.
- Tagline: Your Own Bank.
Source: The Business Standard