Karnataka Bank, a Mangalore based premier Private Sector Bank has launched the Loan Automation processing solution called LAPS. The Application was already in use for processing GOLD loans and Deposit loans. Now the process of entire spectrum of creadit portfolio including Retail, Agriculture and Corporate sector is fully automated.
The introduction of new system provides higher level of accuracy of MIS data, apart from timely procecssing of credit proposals. This Application will also gradually enable online tracking of MSE application by the loan applicant. The software from Rs 1203.80 crore for the corresponding quarter of the previous year.
Karnataka Bank is currently trading at Rs 127.00, up by 1.30 points from its previous closing of Rs 125.70 on the BSE.
No comments:
Post a Comment