IDBI Bank, a new generation PSU Bank, launched a new Loan Application Processing System for its Structured Retail Asset (SRA) Loans like Education loans, Personal Loans and Auto Loans at the branches. This is in addition to its existing loan processing system for home loans and loan against property. Thus all SRA loans have been digitized. This system would bring about the standardization in processing/sanction and disbursements of these loans. The system would improve Turn Around Time for these loans and bring about customer delight. This is yet another step forward in Bank’s commitment in digitization and standardization of process.
About the Bank
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation. This enables the Bank to offer personalized banking and financial solutions to its clients. IDBI Bank has one of the largest housing loan portfolios amongst PSBs and offers housing loans at base rate to its existing and new customers. The Bank offers very competitive rates to the MSME segment wherein it has different schemes for the specific customer segments. IDBI Bank also has a strong focus on agriculture sector and allied activities through its customized products, competitive pricing and personalized services.