Discover how India’s largest bank, with a legacy spanning over 70 years, streamlined its agricultural lending journey with Newgen. Faced with challenges like disparate systems, integration complexities, and reliance on external vendors, the bank collaborated with Newgen and implemented our 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
Impact on Business
- Boost in Loan Portfolio: 15 million loan accounts expected within the first year
- Rapid Credit Issuance: Same-day Kisan Credit Card processing enabled
- Improved Efficiency: Supported 33 agri-lending products with 139 sub-products
Download the case study to learn more about how the bank transformed legacy systems and achieved commendable results.