The Hindu Business Line : Bank of Baroda SME loan factories

Bank of Baroda has launched three `SME loan factories' in Mumbai for "streamlined processing and timely sanctioning of SME loan proposals". "The loan factory comprises a centralised processing cell called `Credit Hub' for speedy appraisal and sanctioning of proposals within 14 days," said Dr A.K. Khandelwal, Chairman and Managing Director, Bank of Baroda, in a press release.

"A team of Relationship Managers shall be stationed at different branches of the bank spread over micro segments of the city who shall reach out to customers to facilitate completion of formalities, besides marketing the SME and other products." The bank has 12 SME loan factories and plans to roll out 15 more loan factories during the next financial year, said the press release.

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