Excel Development Bank Signs for Loan Management System

Excel Development Bank Ltd. has signed an agreement with S.B Solutions Pvt. Ltd. to automate and Digitized of the internal loan process through Loan Management System. Mr. Dinesh Kumar Pokhrel, Chief Executive Officer of Excel Development Bank Ltd and Mr. Bipul Dhakal, Chief Executive/ Chairman of S.B Solutions signed the agreement on behalf of their respective organizations.

With the introduction of the Loan Management System, bank will able to automate and digitized their internal loan files and approval process in effective and timely manner. Beside Loan Automation & Digitization, it is expected to reduce and mitigate the paper dependent credit work-flow entirely for internal loan approval process. With this new system implementation, bank and end consumers can get benefits with an estimated more than 50% reduction in turnaround time of the loan processing and bank internal approval process.

Excel Development Bank Ltd received the operating License from Nepal Rastra Bank to function as a “B” Class Development Bank and has achieved the triumph to establish itself as a Strong & Reliable Regional Development Bank in Eastern Nepal. Excel Development Bank Ltd has a customer base of around 1+ Lakh and 38+ Branches spread all over the country.

S.B Solutions Pvt. Ltd is providing Digitization & Automation Banking products and process such as Loan Approving System, Online Loan Eligibility, Online A/C Opening, Document Management System, Vendor’s Management System, Memo Management, Budget Management and Mobile Application, Etc. Since established in 2016, the company has been working on various Automation & Digitization product and Process. Currently more than 20 Bank & Financial Institute, Corporate Houses, INGO’s as a client in National and International Levels.