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IDBI Bank launches digital loan processing system for MSME, agri borrowers

Synopsis The Loan Processing System (LPS) for MSME and agri products seamlessly integrates with data fintechs, bureau validations, document storage, account management and customer notifications among others. iStock Suresh Khatanhar, Deputy Managing Director, IDBI Bank said the LPS integrates with the existing core database, human resource management system, and various other applications of the bank. NEW DELHI: IDBI Bank on Wednesday announced the launch of its fully digitised loan processing system, offering over 50 products to MSME and agriculture sector. The Loan Processing System (LPS) for MSME and agri products seamlessly integrates with data fintechs, bureau validations, document storage, account management and customer notifications among others, IDBI Bank said in a release.

Welcome To IANS Live - SCIENCE - IDBI Bank launches digitised automated loan processing system for MSME and agri lending

Photo Credit: IANS IANSLive New Delhi, May 19 (IANS) IDBI Bank Limited has launched a fully digitised, end-to-end, Loan Processing System (LPS) for its MSME and Agri. products. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow IANS at Twitter. Update: 19-May-2021

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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