IDBI Bank has launched 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.
These features of the fully digitized and automated loan processing system are further aimed at providing a superior tech-enabled banking experience to bank's MSME and agri customers. LPS would carry a total of more than 50 product lines and would offer a seamless credit lifecycle with over 35 interface touch points to many satellite systems.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.
