TMB Launches New Digital Platform (Finnone Neo) to Reduce Loan Approval TAT

Tamilnad Mercantile Bank (TMB) has rolled out its new Loan Origination System (LOS) and inaugurated a new Credit Management Centre (CMC) in Thoothukudi to strengthen its lending operations and reduce loan approval Turn Around Time (TAT). The new technology, developed in partnership with Nucleus Software, integrates automated checks, digital workflows, and appraisal uniformity, enabling TMB to process and approve loans more efficiently. The technology-driven platform not only speeds up approvals but also enhances end-to-end transparency, improves compliance, and ensures a standardised approach across all loan categories. The rollout will be phased over the next six months across all key loan categories. TMB aims to reduce its TAT for loan sanction substantially, with loan sanctions up to Rs.50.00 lakhs being done in a straight through process within 30 minutes once the system is fully completed.