Karnataka Bank, as part of its digital initiative today launched KBL Xpress Car Loan, a digitized version of Car Loan Finance.
Introduction of KBL Xpress Car Loan allows in-principle sanctions under 20 minutes at customers choice of place and time. This technology enabled solution has additional digital capabilities to provide end-to-end best in class customer experience. Customers KYC authentication, Bureau score, Income, Risk assessment etc will be performed on real time basis which enables a hassle free and complete digital loan sanction.
"With the launching of KBL Xpress Car Loan digital product, Karnataka Bank has now acquired capabilities to sanction car loans within 20 minutes and customer will have a seamless digital journey experience and I am sure that this new scheme will emerge as one of the most popular loan products of the Bank" said Shri Mahabaleshwara M S, MD & CEO of the Bank.
Shares of KARNATAKA BANK LTD. was last trading in BSE at Rs.71.9 as compared to the previous close of Rs. 72.35. The total number of shares traded during the day was 63474 in over 550 trades.
The stock hit an intraday high of Rs. 73.05 and intraday low of 71.7. The net turnover during the day was Rs. 4582096.