MSME borrowers IDBI launches digital loan processing system

New Delhi IDBI Bank on Wednesday announced the launch of its fully digitised loan processing system, offering over 50 products to MSME and agriculture sector. The Loan Processing System (LPS) for MSME and agri products seamlessly integrates with data fintechs, bureau validations, document storage, account management and customer notifications among others, IDBI Bank said in a release. These features of the fully digitized and automated loan processing system are further aimed at providing a superior tech-enabled banking experience to bank's MSME and agri customers, it said.