Indian Bank Managing Director and CEO Vinod Kumar met Jharkhand Chief Minister Hemant Soren in Ranchi on Tuesday during his official visit to the State capital. The courtesy meeting took place at the Chief Minister’s residence, where the bank leadership assured stronger participation in the State’s economic development and committed to improving customer services across key sectors.
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Focus on MSMEs, Real Estate and Cluster-Based Financing
After his interaction with the Chief Minister, Vinod Kumar held an extended meeting with members of the Federation of Jharkhand Chamber of Commerce and Industries (FJCCI) at Hotel Radisson. He said the bank would prioritise lending to MSMEs, real estate developers and cluster based industries, and confirmed that a Mudra Loan Mela would be organised jointly with the Chamber. Issues linked to the CNT Act, loan sanctions under mortgage conditions, cheque clearing delays and cyber fraud were also raised by industry representatives. Kumar assured that these would be addressed through policy and procedural clarity.
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Expansion Plan and Suggestions from Industry Representatives
The Indian Bank chief informed that the bank currently operates 165 branches in Jharkhand and intends to expand further in high potential districts. Chamber President Aditya Malhotra proposed the setting up of a dedicated GM office, a staff training center in Ranchi, and regional banking conclaves for awareness on schemes and cyber safety. The bank management agreed in principle and directed officials to take up follow-up action. Former Chamber President Kishore Mantri urged the bank to ensure last-mile delivery of Central schemes for small traders through simplified lending norms.
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Staff Town Hall and Strategic Roadmap Presentation
In the evening, Vinod Kumar addressed bank staff in a town hall meeting, stressing that Jharkhand would remain a priority growth market. He outlined four pillars that would guide the bank’s approach, sustained business development, customer service excellence, digital onboarding and strict compliance. He said that Government welfare schemes must be implemented smoothly at branch level, and urged employees to play an active role in expanding financial access in tribal and rural regions of the State.
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