इंडियन बैंक, मुथूट माइक्रोफाइनेंस साइन एमओयू

Indian Bank, Muthoot Microfin sign MoU: 9.11.2019

Points to Remember:

  • Public sector Indian Bank said it has signed a memorandum of understanding with Muthoot Microfinance to serve micro, small and medium enterprises.
  • Under the memorandum of understanding, the bank and the non-banking finance company will jointly lend to the MSME borrowers
  • Indian Bank general manager-MSME Sudhakar Rao exchanged documents with Muthoot Microfin deputy CFO Praveen T in the presence of the bank’s managing director and CEO Padmaja Chunduru recently.

About Indian Bank:

  • Founded: 15 August 1907
  • Headquarters: Chennai, India
  • MD & CEO: Ms. Padmaja Chunduru
Important Possible questions based on above News:
  1. Which public sector bank has signed a memorandum of understanding with Muthoot Microfinance to serve micro, small and medium enterprises? Indian Bank
  2. Recently Indian Bank has signed a memorandum of understanding with whom to serve micro, small and medium enterprises? Muthoot Microfinance

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