Chennai, Aug 29 (KNN) In a bid to give boost to its MSME portfolio, Indian Bank has launched its first Micro, Small and Medium Enterprise (MSME) Centralized Processing Centre, (CPC) in Chennai.

The centre was inaugurated by the bank’s MD and CEO Padmaja Chunduru.

As a part of macro-level organization restructuring, MSME vertical and centralized processing centers have been established by the bank to give a boost to its MSME portfolio.

Commenting on this, Field General Manager of the bank, Chennai, Chandra Reddy said that the bank has deployed skilled manpower in the CPC to improve credit quality and shorten transaction processing time.