LENDperfect Suite – Case study

Leading small financing bank automates their lending operations to gain business efficiency

Solution Provided 

LENDperfect – Loan Automation Solution

An advance end-to-end loan automation solution that allows you to manage the whole lending process (Application processing, Underwriting, Sanctioning, Account generation, and Collections) under a single unit.

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A financial institution started back in 2005 providing a full range of financial services to the economically weaker section of society. The institution received in-principle approval from the Reserve Bank of India (RBI) on October 2017 to set up a small finance bank and floated its wholly-owned subsidiary bank. The company transferred its business to its subsidiary and commenced banking operations in February 2017. The bank serves over 37.13 lakh active customers through 441 branches spread across 209 districts and 24 states in India. Their Loan Bookstands at INR 7,095.28 crore, over 121 full-service banking branches with a deposit base of INR 2,437 crore as of December 2017.