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Mangaluru: Karnataka Bank ’s new facility for MSMEs

Mangaluru: Karnataka Bank ’s new facility for MSMEs


Mangalore Today News Network

Mangaluru, July 27, 2015:  In keeping with its technology initiatives for meeting requirements of MSME clientele, Karnataka Bank has launched an online loan application submission and credit proposal tracking system powered by LAPS for MSME customers on its website July 25. 

Karnataka Bank..With this portal, the bank will provide facility of online submission of loan application for MSME customers and credit proposal tracking system, which will enable customers to submit online application for MSME credit to be availed at any of the bank’s branches. They will also be able to track the status of their applications, and the same will be intimated through e-mail.

The system will also enable customers to track the applications for MSME credit submitted directly at branches, Srinivas Deshpande, chief manager (PR), said. Under its MSME initiatives, the bank has hosted a number of loan products tailor made to suit the requirements of micro, small and medium entrepreneurs. The bank has nearly 160 specialized MSME branches spread over 100 clusters of 16 states in India. Through this initiative, MSME entrepreneurs may now apply for MSME credit. 


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