Development Credit Bank Ltd.: Managing Documents the OmniDocsTM Way
Development Credit Bank (DCB), one of the emerging private sector banks in India, chose the Enterprise Document Management solution, OmniDocsTM, to manage its huge and burgeoning volume of documents.
DCB is witnessing a rapid growth across its various operations. With increasing business, a large number of documents are regularly churned off across various operations, departments, and geographies. With no document management system in place, the bank’s operations were beleaguered with delayed Turn Around Times (TAT). As a result, DCB sought a proven and scalable centralized archival system, which could efficiently serve it well into the future.
Newgen solution, based on OmniDocsTM, would be used to store, manage and archive various instruments such as trade finance documents, loans documents, checks, account opening forms, KYC documents, dividend warrants, etc. The solution would initially be implemented at DCB’s corporate office in Mumbai and subsequently throughout its countrywide network.
Development Credit Bank (DCB) is one of the emerging private sector banks in India, with 72 state-of-the-art branches and extension counters spread over nine states and two union territories. It aims to be among country’s most preferred and profitable retail banks. In addition to basic products such as Savings Account, Current Account, and Demat Account, DCB offers a range of investment products like mutual funds, insurance, bonds, and other innovative products.
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