Loans worth Rs 430 cr disbursed at customers' outreach

Public sector Indian Overseas Bank has disbursed loans of Rs 430 crore to beneficiaries during a two-day outreach program held here. A total number of 1,700 beneficiaries received loans totaling Rs 430 crore at the programme, a bank statement said here.

Union Minister of Minority Affairs Mukhtar Abbas Naqvi inaugurated the Customers' Outreach Initiative program in the city on Saturday and disbursed loans to the beneficiaries. Indian Overseas Bank Managing Director and CEO Karnam Sekar said the bank has been taking various initiatives towards implementing government-sponsored schemes like MUDRA, StandUp India and other retail loans, it said.