Indian Bank bags national excellence award in MSE

State-owned Indian Bank has bagged national award for excellence in lending to micro enterprises for 2012-2013, for the consecutive second year.
The bank has been lending to the MSME sector has achieved annual growth of 38.81 per cent during the year 2012-13 against government's guidelines of 20 per cent, Indian Bank said in a statement.
The bank also has recorded 52.16 per cent growth in number of Micro Enterprises accounts against the targets of 10 per cent, set by the government, it added.
The award was received by Indian Bank Chairman and Managing Director T M Bhasin from Prime Minister Manmohan Singh yesterday.