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IDBI Bank has announced the launch of several digital solutions. Among these, is the announcement on the bank’s entry into Open Network Digital Commerce (ONDC) for customers and non-customers engaged in trade. The IDBI Bank ONDC Sellers App will enable merchants to on-board onto the ONDC platform. IDBI Bank has also launched DigiKCC platform for digitization of the Kisan Credit Card (KCC) loan process to make it more convenient for borrowers. As per the press release, the DigiKCC platform has built-in capabilities for scrutiny of loan applications to enable an end-to-end digital experience. The bank has also launched a Warehouse Receipt Processing System or WPS for an integrated digital solution for loans against warehouse receipts.
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