CIN: L65190MH2004GOI148838

For Immediate Publication / Broadcast / Telecast

PR-1325

IDBI Bank receives ASSOCHAM SMEs Excellence Award 2016 in Micro Lending

Mumbai, December 20, 2016: ASSOCHAM has instituted Awards for Excellence in MSE Lending to Banks & NBFCs in recognition of the performance in financing to Micro, Small & Medium Enterprises. IDBI Bank has received award in the category excellence in "Micro Lending" from Honorable Minister of State for MSME, Government of India, Shri Haribhai Parthibhai Chaudhary. The award was received by Smt. Lalita Sharma, Chief General Manager, Priority Sector on behalf of IDBI Bank.
IDBI Bank has been focusing more on MSME segment as well as MFI lending with various innovative products, corporate tie-ups and BC/BF infrastructure build by the bank. The growths under the segment during the last three years have been phenomenal, particularly under Micro Enterprises. During the last financial year the Bank surpassed the target under Pradhan Mantri Mudra Yojana.

Smt. Lalita Sharma, Chief General Manager (Priority Sector), IDBI Bank, receiving the Award, on behalf of the Bank, from Hon’bleMoS for MSME, GoI, Shri Haribhai Parthibhai Chaudhary.