IDBI Bank Limited announced the launch of its fully digitised, end-to-end, Loan Processing System (LPS) for its Micro, Small & Medium Enterprises(MSME) and Agri products.
To provide a superior tech-enabled banking experience to the MSME and agri customers.
i.Has a total of more than 50 product lines.
ii.Seamless credit lifecycle with over 35 interface touch points to many satellite systems.
iii.Integration with the existing core database, human resource management system, and various other applications of the Bank.
iv.Improved turn-around time to enhance the customer experience.
v.This new loan processing system also seamlessly integrates with
- Data fintechs
- Bureau validations
- Document storage/retrieval
- Account opening/management
The platform is designed to incorporate knock-off criteria & credit policy parameters for superior underwriting standards.
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In a Report by Wizikey,HDFC, ICICI, and SBI are Top Three Banks of 2020 in India.They were followed by Yes Bank, Punjab National Bank (PNB), Hongkong and Shanghai Banking Corporation(HSBC) Bank, Kotak Mahindra Bank, Bank of Baroda, Deutsche Bank and Industrial Development Bank of India(IDBI) among the top-10 banks of 2020.
About Industrial Development Bank of India (IDBI):
Chairman: MR Kumar
Managing Director(MD) and Chief Executive Director(CEO): Rakesh Sharma
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