Mumbai-based Tata Capital, a division of Tata Group, is rolling out a mobile app to make it easier for its business loan customers to manage their accounts.
“Tata Capital is deeply invested in providing easy access of credit to merchants and dealers through its Channel Finance and Term Loan products. The Tata Capital Commercial and SME Mobile App will enable our customers to manage their existing accounts through the convenience of their mobile phone. The app is easy to use, secure and provides a wealth of add-on features which will be useful for all customers,” Abonty Banerjee, chief digital and marketing officer told ExpressComputer on Thursday (May 7).
The Tata Capital Commercial and SME Mobile app offer commercial business and small- and medium-sized enterprises (SME) a seamless tool with end-to-end digitalization. The goal is to boost the user experience among companies with channel financing or term loans. Borrowers will be able to manage their loans by logging into the app from their smartphones.
Features include the ability to apply and track limit activation requests; raise draw-down requests; and track transactions and repayment schedule.
The app can be downloaded from the Google Play store and the Apple App store.
The Tata Group was founded in 1868 by Jamsetji Tata and Tata Sons is the principal holding company. It is one of India's largest conglomerates. Aside from its financing arm Tata Capital, it also has subsidiaries in automotive, IT, steel, chemicals, energy, hotels, beverages, communications and more. Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors.
Tata Motors, the second-largest company that is owned by Tata, launched an electric SUV for India called the Nexon EV, according to a January blog post. Powered by Ziptron technology, it charges fast, has an extended battery life and extensive safety features.