Polaris will offer NABARD its Intellect Lending Solution
Polaris Financial Technology Ltd. (POLS.BO), a leading global Financial Technology company, today announced that National Bank for Agricultural and Rural Development (NABARD) has chosen Polaris’ integrated IntellectTM Lending Solution comprising Loan Management and Accounting modules to be the bank’s new Centralized Loan Management and Accounting System (CLMAS). Polaris will offer NABARD its Intellect Loan Origination, Intellect Loan Management, Intellect GL (Accounting, Budgeting, MIS), Training, Handholding and Helpdesk services to centralise decision making and attain access to centralised accounting across the bank’s head office and regional offices.
NABARD has agreed to implement a Centralized Loan Management and Accounting (CLMAS) solution at all its offices encompassing all Lending and Accounting Operations to align with its current and future IT requirements. As a part of its transformational agenda, the Re-positioning Department of NABARD initiated several innovative measures, with CLMAS being an important part of the agenda. The objective was automation of financial transactions online and accounting at enterprise level, generation of Trial Balance on daily basis and avoidance of reconciliation of various accounts, centralized repository of data and an efficient Management Information System (MIS).
For more information, please visit
- About National Bank for Agricultural and Rural Development (NABAD) http://www.nabard.org/index.asp
- About Polaris Financial Technology Ltd http://www.polarisFT.com/
For Media related info, please contact:
Dwaipayan Deb, Polaris Financial Technology Ltd. Mob: +91 99625 36442
Email: dwaipayan.d@polarisFT.com
For Investor related info, please contact:
G. Sunanthy Devi, Polaris Financial Technology Ltd. Mob: +91 8939933564
Email: sunanthy.g@polarisFT.com