Bank of Maharashtra launches initiative to digitise entire credit delivery system
29th Aug 2020

Bank of Maharashtra has launched an initiative to digitise its entire credit delivery system. The bank's Loan Lifecycle Management System (LLMS) will automate its credit delivery. The loan management solution will reduce operational cost, minimise the Turn Around Time (TAT) of credit proposals, improve the quality of credit assessment, and increase the customer outreach and hassle-free lending. Going forward, the bank's customers can initiate their loan request in online mode and track their loan application on a real-time basis.

Bank of Maharashtra offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, demat services, credit cards, etc. The Bank also offers services to agricultural and SME sectors.