New Delhi, India, January 27, 2014: Bank of India (BoI), one of the leading nationalized banks in the country, has deployed Microsoft SharePoint Solution to automate the loan and application deposit process in its 4,100+ branches and 50 zonal offices across India. The automation of 15 different loan application forms have reduced the turn-around time for filling up applications by 50%, improved customer satisfaction and increased operational efficiency.
Pushpinder Singh, General Manager – IT, Bank of India stated, “Customer satisfaction is our utmost priority and we want to cater all generation of customers irrespective of the location they reside in. To fulfill this goal, we wanted to digitize the application process, automate MIS reporting, and set up a collaborative portal for information sharing within the organization. We decided to choose Microsoft SharePoint for its familiarity, ease of use and out-of-the-box functionalities that allow collaboration with cross-functional teams in branches all over India. We have been successful in enhancing customer satisfaction by easing the loan application process, reducing the turn-around time by 50% and serving customers of all age groups.”
Bank of India is an early adopter of Microsoft SharePoint, especially for customers who prefer online transactions and access their bank accounts over the internet.
“Bank of India is a fine example of how technology can be leveraged to provide customers a hassle free and quick service regardless of the location. With the help of Microsoft SharePoint, it has embarked on a journey to automate processes, use intranet, host discussion forums, leverage document management system and manage their employee portal,” said Ramkumar Pichai, GM – Microsoft Office Division, Microsoft India.