Allahabad Bank, the public sector lender, has opened up 40 Centralised Retail Banking Boutiques (CRBBs) across the country. The bank has taken this step in order to quicken the various processes from mobilization to quick process of appraising & sanction of retail loans within a specified time frame. The above 40 CRBBs are in addition to the 59 boutiques that the bank already owns which allow faster processing, appraisal and sanction of retail loans.
The bank has also taken steps to speed up sanction of housing loans within six working days and car (vehicle) loans within 48 hours. Besides, financing of commercial vehicles to transport operators will be done through its All Bank Fleet Finance Scheme, wherein loans above Rs 2 crore are sanctioned.
Further, the bank has also entered into a tie-up with automobile manufacturers such as Piaggio Vehicles, Tata Motors, Ashok Leyland, Hindustan Motors, Bajaj Auto and Force Motors for financing their vehicles.
The bank has also taken steps to speed up sanction of housing loans within six working days and car (vehicle) loans within 48 hours. Besides, financing of commercial vehicles to transport operators will be done through its All Bank Fleet Finance Scheme, wherein loans above Rs 2 crore are sanctioned.
Further, the bank has also entered into a tie-up with automobile manufacturers such as Piaggio Vehicles, Tata Motors, Ashok Leyland, Hindustan Motors, Bajaj Auto and Force Motors for financing their vehicles.
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