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.

Boost your General Awareness Knowledge with Adda247 Live Batch: TARGET GA BATCH | SBI Clerk Mains & RBI Assistant Mains Exams

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.

Find More Banking News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Exploring Bondi Beach: Sun, Surf and Sydney Culture

Bondi Beach is one of Australia’s most recognisable and loved coastal destinations. Located just minutes…

3 hours ago

WWE Icon John Cena Retires After 20-Year Career

As one of the all-time great WWE superstars, John Cena officially retired from in-ring competition…

4 hours ago

ISRO Projects Seven Launches Including Uncrewed Gaganyaan Mission by March 2026

The Indian Space Research Organisation (ISRO) has revealed plans for no less than seven space…

4 hours ago

Chakrashila Wildlife Sanctuary: Location, Species, and Latest Developments

The Chakrashila Wildlife Sanctuary in Assam has recently come into focus due to successful community-led…

4 hours ago

MRF Tyres Bags 2025 FIA European Rally Championship Title

India’s presence in global motorsport technology received a major boost as MRF Tyres clinched the…

4 hours ago

NTPC, NETRA and CSIR Scientist Receive Awards for Technological Innovations

India's push towards meeting its increasing energy demands while ensuring long-term sustainability received a boost…

4 hours ago