Punjab & Sind Bank sets up a centralized hub Cen-MARG to process retail and MSME loans

The Punjab & Sind Bank has set up the Centralised MSME & Retail Group (Cen-MARG) for credit facilities at its head office in New Delhi. Now, all MSME and retail credit approvals will be performed at this centralised set up. This will help branches focus better on lead generation for retail and MSME lending and enhanced customer service. The Cen-MARG would be linked with pan-India branches in a phased manner. It has been envisioned to ensure a qualitative improvement in credit appraisal, improved turnaround time, uniform documentation and efficient monitoring.