Andhra Bank opens express loan centre
State-owned Andhra Bank on Monday opened express centre for retail loans, as a part of its Navshakti initiative to expand its retail loan portfolio,...
State-owned Andhra Bank on Monday opened express centre for retail loans, as a part of its Navshakti initiative to expand its retail loan portfolio, especially home loan portfolio. B A Prabhakar, the bank's Chairman & Managing Director, inaugurated the centre which will be located in Sanjeeva Reddy Nagar.A "The main objective of the initiative is to cut down turnaround time for sanction and disbursal of home loans. It will help us attaining a competitive edge in capturing a substantial market share under housing loan portfolio," the bank said in a release. The bank also launched an in-house developed lead management system which is an essential tool to track and resolve the issues in sanctioning of housing loans and supportive information system to the sales force.