Corporation Bank has sanctioned more than Rs 3,000 crore from April to October through its SME (small and medium enterprises) loan centres in the country.

A press statement by the bank said here that the bank opened its 17th SME loan centre in Delhi on Saturday. It said that the bank accorded a cumulative sanction of Rs 3,006 crore in 2,281 accounts from April to October during the current financial year through its SME loan centres in the country.

With the launch of New Delhi (North) SME loan centre, the total number of SME centres of the bank has increased to 17. The bank has plans to open nine more centres during the current financial year.

S.R. Bansal, Chairman and Managing Director of the bank, inaugurated the SME loan centre in New Delhi.