IDBI Bank launches its fully digitized automated Loan Processing System for MSME and Agri lending

Spread the love

IDBI Bank launches its fully digitized automated Loan Processing System for MSME and Agri lending.

IDBI Bank Limited announced the launch of its fully digitized, end-to-end, Loan Processing System (LPS) for its MSME and Agri. products. This new loan processing system seamlessly integrates with data fintechs, bureau validations, document storage/retrieval, account opening/management, customer notifications, and portfolio management capabilities along with embodied policy/knock off parameters.

These features of the fully digitized and automated loan processing system are further aimed at providing a superior tech-enabled banking experience to bank’s MSME & Agri. customers. The platform is designed to incorporate knock-off criteria & credit policy parameters for superior underwriting standards.

Commenting on this, Shri. Suresh Khatanhar, Deputy Managing Director, IDBI Bank, stated that, ‘LPS would carry a total of more than 50 product lines and would offer seamless credit lifecycle with over 35 interface touch points to many satellite systems.

The LPS integrates with the existing core database, human resource management system, and various other applications of the Bank. This utility would considerably enhance the customer experience with improved turn-around time’

Business Gujarat News

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Jyothy Labs Q4FY21 Results

Wed May 19 , 2021
Spread the loveJyothy Labs Q4FY21 Results. Jyothy Labs Limited, one of the leading Indian FMCG companies announced today its financial results for the quarter ended […]
businessgujaratnews ©Copyright Theme: Default Mag by ThemeInWP

Quick Links