The bank has been lending to the MSME sector has achieved annual growth of 38.81 percent during the year 2012-13 against government's guidelines of 20 percent, Indian Bank said in a statement.

The bank also has recorded 52.16 percent growth in number of Micro Enterprises accounts against the targets of 10 percent, set by the government, it added.

The award was received by Indian Bank Chairman and Managing Director T M Bhasin from Prime Minister Manmohan Singh on Saturday.

(Agencies)

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