Punjab National Bank (PNB) has launched a tech-based mortgage administration answer ‘LenS-The Lending Solution’, to hurry up and keep accuracy in on-line mortgage processing and sanctioning of credit score proposals. It is envisaged to be carried out in a phased method for all types of loans. Under the Mudra scheme, the processing and sanction of credit score proposals as much as Rs 10 lakh together with Micro, Small and Medium Enterprises ( MSME) loans (contemporary, renewal, enhancement and assessment) will probably be finished by LenS.
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Main Purpose of PNB LenS:
- To standardise the system, course of and assess codecs for credit score processing
- To auto-generate the mortgage paperwork for every sort of credit score services
- To cut back delay, value and human errors concerned in guide processing, digital report upkeep, safety & information privateness.
- Ready to make use of monitoring and MIS reviews for higher monitoring and transparency.
Important takeaways for all aggressive exams:
- PNB Headquarters: New Delhi.
- PNB CEO: S. S. Mallikarjuna Rao.
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