Mumbai: IDBI Bank Limited announced the launch of its fully digitized, 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 digitized and automated loan processing system are further aimed at providing a superior tech-enabled banking experience to bank’s MSME and Agri customers. The platform is designed to incorporate knock-off criteria and credit policy parameters for superior underwriting standards.