Allahabad Bank Launched 53 MSME Processing Centers Across India

Eyeing to make the loan processing easy for Micro Small and Medium Enterprises (MSMEs), Allahabad Bank launched 53 Retail and MSME Processing Centers (RMPC) pan India.

With the launch of RMPC, the existing and potential customers will be immensely benefited with improved TAT and hassle-free loan processing.

The center will ensure availability of relevant expertise for better credit appraisal, delivery and collection.

Retail credit proposals above 5 lakhs and MSME proposals above 10 lakhs will be processed through the newly inaugurated RMPCs.

As many as 4 RMPCs has been inaugurated at 4 different locations in Kolkata namely Saltlake, Howrah (M K Road), Shakuntala Park (Behala) and Udairajpur (Barasat).

The MD and CEO, CH SS Mallikarjuna Rao inaugurated four RMPCs at Kolkata in presence of  Sudhanshu Gaur, SV LN Nageswara Rao and Imran A Siddiqui, general managers of the Bank. The concerned Zonal Heads along with PS Azad (DGM, BPR) were also present on the occasion.