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Indian Bank releases annual ACP and signs RSETI MoU in Puducherry

Indian Bank recently convened a State Level Bankers Committee meeting in Puducherry, during which it signed a Memorandum of Understanding for land allotment to the Rural Self Employment Training Institute. This initiative seeks to boost skill development and entrepreneurship among rural youth, ultimately enhancing financial inclusion in the area.

BRIC Team
BRIC Team
Jun 17, 2026 · 1 min read · 1 views
Indian Bank releases annual ACP and signs RSETI MoU in Puducherry

Key Takeaways

  • The SLBC meeting in Puducherry featured Shri Ashish Madhaorao More, Joint Secretary of the Department of Financial Services, highlighting government-banking collaboration.
  • Indian Bank signed an MoU for land allotment to RSETI in Puducherry, aiming to boost rural skill development.
  • The ACP introduced at the meeting focuses on enhancing priority sector lending and fostering inclusive regional development.
  • Senior banking executives stressed the need for collaboration between financial institutions and local governments to drive economic growth in Puducherry.

Indian Bank hosted State Level Bankers Committee (SLBC) meet in Puducherry. Annual virtual gathering pulled in key government and banking figures,including Shri Ashish Madhaorao More, Joint Secretary of Department of Financial Services,and Shri Shiv Bajrang Singh,Executive Director of Indian Bank and SLBC Chairman for Puducherry.

The ACP targets boosting priority sector lending,driving regional growth and financial stability. Signing MoU for land allotment to Rural Self Employment Training Institute (RSETI) was standout moment. Pushes skill development and entrepreneurship among rural youth.

Indian Bank eyes sustainable livelihoods and financial inclusion through this. SLBC platform and RSETI expansion help position Indian Bank as a major player in meeting Union Territory's developmental needs .

Senior banking executives weighed in. Stressed collaboration's role between financial institutions and local governments. Initiatives from meeting could spur economic development in Puducherry. But will they meet community needs…?

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