Categories: Banking

PNB launches loan management solution ‘LenS-The Lending Solution’

Punjab National Bank (PNB) has launched a tech-based loan management solution ‘LenS-The Lending Solution’, to speed up and maintain accuracy in online loan processing and sanctioning of credit proposals. It is envisaged to be implemented in a phased manner for all kinds of loans. Under the Mudra scheme, the processing and sanction of credit proposals up to Rs 10 lakh including Micro, Small and Medium Enterprises ( MSME) loans (fresh, renewal, enhancement and review) will be done by LenS.

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Main Purpose of PNB LenS:

To standardise the system, process and assess formats for credit processing
To auto-generate the loan documents for each type of credit facilities
To reduce delay, cost and human errors involved in manual processing, digital record maintenance, security & data privacy.
Ready to use monitoring and MIS reports for better tracking and transparency.

Important takeaways for all competitive exams:

PNB Headquarters: New Delhi.
PNB CEO: S. S. Mallikarjuna Rao.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.