IDBI Bank digitizes loan processing

idbIDBI Bank, arguably the most tech-savvy among government banks in India, has implemented a new digital system for processing loans such as education loans, auto loans and personal loans.

“The system would improve turn-around time for these loans and bring about customer delight,” it said.

The new system is in addition to its existing loan processing system for home loans and loan against property.

“This system would bring about the standardization in processing/sanction and disbursements of these loans,” it said.