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Repco’s technology initiatives are clearly focused on the customer. The drive for the CBS came from the Chief Executive and IT initiatives are growing day by day. The level of attention spent by top management on leveraging IT as a tool to achieve and sustain operational excellence is increasing. The IT function at the bank ensures that it lowers operation costs and gives the organization a competitive edge in the market.
Repco Genius Hand Held Device was introduced by the bank in 2004 for the collection of deposit amounts at the doorsteps of customers. In addition to efficiency and accuracy, collection through devices has also increased productivity. It instills greater confidence in the bank’s transparency in the maintenance of accounts.
Pioneer in the introduction of the Loan Sanction Workflow (LSW), enabling online application processing, loan appraisal, credit rating, loan sanction, loan documentation and account creation. The system operates on a workflow-driven application that automates the front-end loan processing cycle and integrates its financial accounting system, as well as providing valuable management information systems. This solution enables the bank to manage, monitor and effectively control the entire life cycle of a loan contract.
Repatriates Cooperative Finance and Development Bank Ltd. (REPCO BANK) was registered on November 19, 1969, as a Cooperative Society under the relevant provisions of the Madras Cooperative Societies Act, 1961, with jurisdiction over the State of Tamil Nadu, Andhra Pradesh, Karnataka, Kerala and the Union Territory of Puducherry.
ADDRESS
Repco Towers, No : 33, North Usman Road,
T.Nagar, Chennai - 600017
Ph No - 044-28340715
Email - ho@repcobank.co.in