IGS
To achieve financial inclusion KBS LAB has appointed Indian Grameen Services (IGS) as a Banking Correspondent for extending the Banking Services to underserved population in Mahabubnagar district, Andhra Pradesh and Raichur, Gulbarga, Yadgir districts in Karnataka through a network of 59 locations.
Services offered at BC Outlets
- identification of borrowers;
- collection and preliminary processing of loan applications including verification of primary information/data;
- creating awareness about savings and other products and education and advice on managing money and debt counseling;
- processing and submission of applications to bank;
- promoting, nurturing and monitoring of Self Help Groups/ Joint Liability Groups/Credit Groups/others;
- post-sanction monitoring;
- follow-up for recovery,
- disbursal of small value credit,
- recovery of principal / collection of interest;
- collection of small value deposits;
- sale of micro insurance/ mutual fund products/ pension products/ other third party products and
- Receipt and delivery of small value remittances/ other payment instruments.
The customers of the Bank sourced and serviced through above Business Correspondent can lodge complaints for redressal to the Bank’s Grievance redressal Officer to the address given below
K.V.Parameswara Rao
Grievance Redressal Officer
KBS Local Area Bank
7-5-108/B/1
1st floor, Venkateswara Colony
Mahabubnagar-509002
Telephone no. 08542-273383 / 273384
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