OREANDA-NEWS. Shri T.M. Bhasin, CMD, Indian Bank received 1st Prize and the Best Bank Award for its stupendous performance for extending Credit to SHGs from Selvi Dr J Jayalalithaa, Hon'ble Chief Minister of Tamil Nadu.

Chennai based Indian bank, premier nationalised bank has received this award from the Government of Tamil Nadu consecutively for fifth year.

The Bank is pioneer in the field of SHG lending since 1989 and 7 lakh groups have been assisted with an aggregate credit of over Rs.10900 Crores touching 1 Crore individuals.

Indian Bank is known for its strong presence in the Southern region with the 3 Regional Rural Banks, of which one Pallavan Grama bank is operating in Tamil Nadu, which also has the honor of receiving 3rd Best performing bank for SHG lending for the Second consecutive year.