Quick memorized
What: Launched by State Bank of India
When: 29 May 2015
Who: Online Customer Acquisition Solution
The State Bank of India (SBI) on 29 May 2015 launched an Online Customer Acquisition Solution (OCAS). It is an online platform to apply for Home Loans, Car Loans, Education Loans and Personal Loans. 


 The application was launched by SBI Chairman Arundhati Bhattacharya.
Features of the Online Customer Acquisition Solution
• The application will help the customers gauge their eligibility and get a quote personalized to their requirement.
• The customer will instantly get an e-approval on filling the online form. 
• Thereafter, the Bank officials will contact the customer and complete all the loan formalities. Customers can even upload all necessary documents online. 

 The OCAS was launched with an aim to empower customer and reduce the processing time of their loan. 

 Besides, SBI will soon launch a similar application for the mobile platform.