A Fortune 500 Bank Transforms Agricultural Lending Journey with Newgen

Discover how India’s largest bank, with a legacy spanning over 70 years, streamlined its agricultural lending journey with Newgen. Faced with challenges like manual loan processing, disparate systems, integration complexities, and compliance gaps, the bank collaborated with Newgen and implemented the low-code, AI-first Agri Lending Solution.

How Newgen Helped

• Comprehensive Automation: Enabled end-to-end automation of the process from lead acquisition to post-disbursement activities
• Unified Platform: Consolidated multiple processes into a single system and reduced external dependencies
• Mobile App for Field Agents: Facilitated loan processing on the go, minimizing the need for branch visits
• Customizable Business Rule Engine: Tailored loan criteria to match agricultural needs

 Measurable Impact

• 60% Faster Loan Processing: Automation of workflows expedited loan approvals and disbursements
• 1-day Credit Card Issuance: The bank could process the Kisan Credit Card in a day
• 100% Compliance: Real-time regulatory tracking reduced risk of non-compliance

Download the case study to learn more about how the bank transformed legacy systems and achieved commendable results.