Allahabad Bank opens 35 MSME hubs in India to serve MSME sector in better and focused manner

New Delhi, Aug 2 (KNN) Allahabad Bank has opened as many as 35 Micro Small and Medium Enterprises (MSME) hubs at different locations across India.

With the opening of these specialized MSME hubs, the Bank aims to serve the emerging MSME sector of the country in a better and focused manner.

These 35 MSME hubs of Allahabad Bank will function as centers of excellence for MSME credit dispensation by ensuring quick processing/ sanction and meticulous observance of Turn Around Time (TAT).

Credit proposals pertaining to Service, Manufacturing Industry, Business, Trade and Agro Processing units (SIBTA) will be the target areas of the Hubs.

This initiative is also a part of Bank's present focus on growth of SMART (Small, Medium, Agriculture & Retail) loan Book.

Allahabad Bank is a nationalized bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.