Delhi: South Indian Bank was awarded ‘Best MSME Bank’ among Private Sector banks, by Associated Chambers of Commerce and Industry of India (ASSOCHAM). The award was bestowed on SIB in connection with the ‘7th MSMEs National Excellence Awards -2019’ by ASSOCHAM. Mr. Sivakumar.G, EVP(Credit), received the award on behalf of South Indian Bank from Hon’ble Union Minister Shri Nitin Gadkari, in New Delhi.
The prestigious award was conferred as a recognition of SIB’s overall performance in MSME segment. The Bank has been deploying specialized officers trained in MSME across the country in branches having business potential. SIB has been aggressive in augmenting its retail loan portfolio, which is steadily growing over the years. Also, fast and efficient processing of MSME and other loan proposals in a centralized processing environment has enabled the Bank to achieve an edge in the MSME, Retail and Agricultural sectors.