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Indian Bank signs MoU with Muthoot Microfinance

11 Nov 2019 Evaluate

Indian Bank has signed a memorandum of understanding (MoU) with Muthoot Microfinance to serve micro, small and medium enterprises. Under the MoU, the bank and the non-banking finance company will jointly lend to the MSME borrowers.

Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.

Peers
Company Name CMP
State Bank Of India 947.40
PNB 115.85
Bank Of Baroda 236.70
Canara Bank 119.00
Union Bank Of India 172.90
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