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BANKING/FINANCE: Indian Bank ready to commit Rs 5,000 crore.
from BUSINESS LINE, June 05, 2010 Bangalore, June 4 - Indian Bank plans to commit Rs 5,000 crore for the industrial projects that have been signed during the global investors meet (GIM).
Besides, the bank also plans to open 28 branches and 65 ATMs in Karnataka in the next three years.
"We are committing to Rs 5,000 crore to be disbursed to the industry and we would be signing up the Memorandum of Understanding today," Mr T.M. Bhasin, Chairman and Managing Director, Indian Bank, told Business Line.
The bank also targets doubling of its business to Rs 15,000 crore in the State in the next three years, he said.
At the GIM, the bank is looking at the …
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