State Bank of India (SBI), country’s largest public sector lender, has unveiled Online Customer Acquisition Solution (OCAS), an online platform to apply for home loans, car loans, education loans and personal loans. The application will help the customers gauge their eligibility and get a quote personalised to their requirement. The applicant will instantly get an e-approval on filling the online form. Thereafter, the Bank officials will contact the applicant and complete all the loan formalities.
The bank has posted a rise of 23.06% in its net profit at Rs 3742.02 crore for the quarter ended March 31, 2015 as compared to Rs 3040.74 crore for the same quarter in the previous year. Total income of the bank has increased by 14.54% at Rs 48616.41 crore for quarter under review as compared to Rs 42443.27 crore for the quarter ended March 31, 2014.
