In order to speed up its retail loan disbursements, Bank of Maharashtra (BoM), inaugurated its ‘Maha Retail Credit Hub’ (MARCH) in Mumbai.
‘MARCH’ will accelerate appraisal, sanction and disbursal of retail loans, like housing, vehicle, education, personal and consumer, among others, thereby reducing response time drastically,” the company said in a statement here.
March was inaugurated by BoM Chairman and Managing Director, Allen C A Pereira.
The bank is well set to exceed its overall business target of Rs 1,00,000-crore by end-this fiscal, the statement said.