UCO Bank to revamp retail biz
UCO Bank is looking for a consultant to streamline systems and processes relating to retail and SME business and using technology to increase credit flow. The consultant will assist the bank in designing new products and provide support in implementation of sales, technology, credit processes, operations and collection systems for retail and MSME. The bank wants these initiatives to inter alia cover the full process flow including loan sourcing, operations, credit monitoring and collections. The objective is to create ‘best in class’ credit and collection practices for the bank, while managing the risk on the books for ensuring high profitability.