IDBI Financial institution on Tuesday stated its gold mortgage portfolio has crossed a Rs 10,000 crore milestone. “IDBI Financial institution’s gold mortgage e book has achieved a prestigious milestone and has crossed Rs 10,000 crore landmark. Within the final two years, the financial institution’s gold mortgage e book has doubled from Rs 5,000 crore to Rs 10,000 crore,” it stated in a launch.
The LIC-controlled financial institution stated its mortgage processing system is totally automated and this has helped within the development of the gold mortgage e book. Clients full the transactions typically in 10-Quarter-hour, it added.
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