IDBI Bank’s Roadmap to Strengthen MSMEs | Insights from Sumit Phakka

Sumit Phakka, Deputy Managing Director, IDBI Bank, joined us for an exclusive fireside chat on the topic “Empowering Indian MSMEs: IDBI Bank's Strategic Blueprint.” He emphasized that the contribution of MSMEs is crucial to India’s economic growth, especially in the country’s pursuit of becoming a five trillion-dollar economy and achieving developed nation status by 2047. Highlighting the bank’s forward-looking approach, he shared that IDBI Bank is actively working to expand its range of digital solutions, ensuring that MSMEs have easy, efficient, and tech-enabled access to financial services tailored to their evolving needs.