Mysuru: The Canara Bank’s Retail Asset Hub (RAH), an exclusive loan processing centre for personal loans, which was earlier functioning in Kuvempunagar here, has been shifted to the Canara Bank Regional Office premises in Nazarbad here.

The new premises was inaugurated by Managing Partner of Mangalore Ganesh Beedi Works Dr. M. Jagannath Shenoy, in the presence of Canara Bank Deputy General Manager D. Vijaykumar, Assistant General Manager K.B. Geetha, Divisional Manager C. Shankara and In-charge of RAH Raghavendra R. Desai.

Speaking on the occasion, Dr. Jagannath Shenoy appreciated PSU Banks in general and Canara Bank in particular for competing with the new generation banks and added that the concept of Retail Asset Hub proved to be very customer-friendly in reducing turn-around-time for loan processing and sanction.

Deputy General Manager D. Vijaykumar also spoke. Regional Head K.B. Geetha informed that the Retail Asset Hub was now linked to 30 out of 57 branches of Regional Office, Mysuru, which included 25 city branches and other potential centres and as such Housing and Vehicle Loans were being processed and sanctioned quickly.

Canara Bank Chief Manager Raghavendra Desai explained about the various retail loan  products. A retail mela was also held on the occasion. Senior Manager M. Ravikumar proposed a vote of thanks.