Indian Bank has launched two tailor-made credit products for the benefit of the textile sector. The products -- Corporate Loan and Ind Surya Shakthi/ Indian Bank Solar -- would be available for all textile units across the country.
The Corporate Loan, to be offered at 'affordable' interest rates, will help industries meet their working capital requirements, while Surya shakthi is a Term Loan for setting up roof-top solar power plants for captive consumption which will give a thrust to the renewable energy utilisation culture in the textile sector.
Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.
