SBI launches Online Customer Acquisition Solution for loans

India’s largest banking entity State Bank of India (SBI) has launched Online Customer Acquisition Solution (OCAS), an online platform to apply for loans.
This online platform will enable SBI customers to apply for home, education, car and personal loans online. On filling the online form for loan requirement depending upon their eligibility customers will instantly get an e-approval.
Thereafter, the bank officials will contact customers and complete all the loan formalities. The application will also help customers to upload all necessary documents online, thus empowering the customer and also reducing the loan processing time.
The public sector bank is also planning to launch a similar platform on the mobile application as part of its aggressive move to adapt with different modern technology platform, in an attempt to change the way public sector banking is viewed.

Month: Current Affairs - May, 2015