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IDBI Bank launches digitised automated loan processing system for MSME and agri lending

IDBI Bank launches digitised automated loan processing system for MSME and agri lending By IANS | 0 Views IDBI Bank.. Image Source: IANS News New Delhi, May 19 : IDBI Bank Limited has launched a fully digitised, 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 digitised and automated loan processing system are aimed at providing a superior tech-enabled banking experience to bank s MSME & Agri. customers, the bank said in a statement.

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IDBI Bank launches fully automated loan processing system - The Hindu BusinessLine

IDBI Bank launches fully automated loan processing system May 19, 2021 The facility is for the bank’s MSME and agriculture customers IDBI Bank has launched a fully digitised, end-to-end Loan Processing System (LPS) for its MSME (micro, small and medium enterprise) and agriculture customers. The bank, in a statement, said the new system seamlessly integrates with data fintechs, bureau validations, document storage/ retrieval, account opening/ management, customer notifications, and portfolio management capabilities, along with embodied credit policy/ knock off parameters. Suresh Khatanhar, Deputy Managing Director, IDBI Bank, said more than 50 product lines will be on LPS, which will offer seamless credit lifecycle.

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IDBI Bank Rolls Out Fully Digitised Automated Loan Processing System for MSME and Agri Yields

IDBI Bank Limited has introduced a fully digitised, end-to-end, Loan Processing System (LPS) for its MSME and.

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IDBI Bank Launches Digitised Automated Loan Processing System For MSME And Agri-Lending

IDBI Bank Launches Digitised Automated Loan Processing System For MSME And Agri-Lending
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RBI turns focus to small borrowers, allows another loan recast

RBI turns focus to small borrowers, allows another loan recast SECTIONS Share Synopsis Besides providing a restructuring window for small borrowers, the central bank also has allowed banks to extend the moratorium period for borrowers who had already opted for restructuring last fiscal. Reuters Unlike last year, Das stopped short of announcing blanket measures to support growth. The Reserve Bank of India (RBI) turned selective in extending a fresh loans restructuring package as it focused on small borrowers including individuals, and micro and small enterprises that are bearing the brunt of the Covid second wave while leaving out the big ones who have weathered the storm in the past year.

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