Corporation Bank bags “MSME Banking Excellence Awards- 2016”

Mangaluru: Corporation Bank has bagged 2 awards for the year 2016 instituted by Chamber of Indian Micro Small & Medium Enterprises [CIMSME] under Eco-Technology Savvy Bank Award – Winner [Mid-Sized Category], Best MSME Bank Award – Runner-Up (Mid-Sized Category).

Shri Jai Kumar Garg, Managing Director and CEO of the Bank received the awards from the gracious hands of Shri Arjun Ram Meghwal, Hon’ble Minister of State for Finance & Corporate affairs, Govt. of India at the Award Ceremony held at New Delhi on 20th April 2017.

Chamber of Indian Micro Small & Medium Enterprises (CIMSME) has been the strong voice of MSME sector, assisting them to move to the next level and spearheading their issues and concerns with the authorities. Despite the challenges, Banks contribution to MSME Sector and Government enabling environment continue to be appreciative. The evaluation of the performance of the banks for the MSME sector was based on the performance in MSME segment-Growth, targets, quality, innovation, green banking, and Technology use to improve reach, service quality, penetration and reporting systems.

Realizing the constructive role played by MSME Sector in the nation development, Corporation Bank has taken several initiatives like: Online loan facility for MSME borrowers, Online facility for Revival and Rehabilitation of MSME, Promotional Campaign for MSME growth with special concessions. Concessions in interest rate are offered to women beneficiaries and rated MSME units.

The Bank offers customized loan schemes to cater to the needs of the MSME sector. Bank has designated 177 branches across the country as “Specialised MSME Branches”. Each branch facilitates effective use of hi-tech banking technology available in the Bank, for making available bank finance at an attractive rate and affordable cost.

Corporation Bank is committed to extend its best services to Micro, Small and Medium Enterprises at a very competitive price and shall remain a hand holding partner in a journey of togetherness in realizing the entrepreneur’s dreams.