State Bank of Patiala has been conferred “Special Award for Excellence in MSME lending” for its performance in lending to the MSME sector during the year 2013-14 and 2014-15 with a growth of Rs 2597 crore (annualized 23%) and Rs 994 crore (annualized 7.10%) respectively, covering the entire range of services.
While on the other hand, Canara Bank has bagged awards for excellence in MSE Lending (2013-14 and 2014-15), Lending to Micro Enterprises (2013-14 and 2014-15) and in the field of Khadi and Village Industries (Best Bank under PMEGP, South Zone for the years 2013-14 and 2014-15).
S A Ramesh Rangan, Managing Director and Devendra Kumar, General Manager, State Bank of Patiala received the award on behalf of the Bank in the National Award Function held at Punjab Agricultural University (PAU), Ludhiana wherein the Prime Minister of India, Narendra Modi, was the Chief Guest.
The award was given by Kalraj Mishra – Union Minister for Micro Small and Medium Enterprises, Government of India.
Canara Bank is maintaining momentum in lending to this sector during the current financial year also. With a view to extend the coverage of MSME sector, the Bank has 30 MSME specialized branches.
Canara bank’s MD & CEO Rakesh Sharma, along with Executive Director B Harideesh Kumar and General Manager, MSME Wing, S Krishnan, received them.
Source: Economic Times/Business Standard
