CURRENT AFFAIRS

Detailed explanation-1: -Nirmala Sitharaman, Hon’ble Union Minister of Finance and Corporate Affairs. While appreciating this noble gesture of Indian Bank, Finance Minister said “Indian Bank has taken out of box initiatives in launching ‘MSME Prerana’ which will handhold the Entrepreneurs through a mentoring program.”

Detailed explanation-2: -Indian Bank’s unique program, “MSME Prerana”, is a first-of-its-kind initiative for MSME Sector in the country by any bank.

Detailed explanation-3: -Bank was incorporated on March 5, 1907 with an Authorized Capital of Rs 20 lakhs and commenced its business on August 15, 1907. In the year 1907, the Indian Bank Ltd. had the tree ‘Banyan’ as a part of its emblem denoting an all around progress, growth (far and wide) and an ever increasing prosperity.