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IDBI Bank launches new loan application processing system

New Delhi, 06 August, 2015: 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 with the facility being made available online. This system would bring about the standardization in processing/sanction and disbursements of these loans. The system would improve the turnaround 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.

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