Bank of Baroda bets on new digital platform to expand retail lending

BoB has offered 1.25 lakh loans so far, roughly 80% od which are personal loans. The personal loans are capped at Rs 50,000 and are currently offered to only the bank's customers. Handa said BoB plans to increase the maximum ticket size to Rs 2 lakh and also offer the loans to non customers of the bank before the end of the month.

from Banking/Finance-Industry-Economic Times https://ift.tt/3trdIhq