Public sector Karnataka Bank Ltd has lent an amount of Rs 1,498 crore to the MSME sector, posting growth of 24 per cent against the stipulated 20 per cent growth target of RBI, senior bank officials said on Monday.
This was revealed at the 18th MSME Customers' meet conducted by the bank last week in Bangalore.
The bank currently has 160 MSME-designated branches all over India, of which 70 are in Karnataka. These branches focus primarily on the MSME sector.
The meeting was attended by Nagaraja Rao I P , General Manager, MSME & RBD, Syndicate Bank (lead bank) and Prabhu M, additional director (MSME), among others.
Among the issues discussed were various facilities ,incentives and benefits for the MSME sector by the central and state governments.
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