Indian Bank Approves ₹500 Crore MSME Loans During 120th Foundation Day Credit Outreach Programme

Key facts

• Indian Bank approved around ₹500 crore in MSME loans during a credit outreach programme held in New Delhi as part of its 120th Foundation Day fortnight celebrations.
• Sanction tickets were handed over to 128 beneficiaries by Managing Director and Chief Executive Officer Binod Kumar.
• Indian Bank's FGMO Delhi branches mobilised loan proposals worth ₹1,254 crore during the outreach programme.
• Indian Bank launched the Unified MSME Portal, a digital platform for a seamless and integrated banking experience for MSME customers.
• Indian Bank plans to digitise MSME loans up to ₹5 crore through an end-to-end digital lending platform.
• Indian Bank has 6,003 branches and global business of approximately ₹15.30 lakh crore as of June 2026.
• Deposits stood at ₹8.42 lakh crore and advances at ₹6.85 lakh crore as of June 2026.
• Indian Bank serves around 13.35 lakh MSME customers with an MSME portfolio of more than ₹1.10 lakh crore.
• Indian Bank has established around 85 MSME Processing Centres to improve loan turnaround time.