1 About Post Sanction Process
In OBCFPM, the Post Sanction Process run manually to complete the post approval and pre disbursement activities as stipulated during the approval of the credit process.
For existing customers, the PSN process must be initiated in the following scenarios:
- New credit proposal
- Amendment to existing proposal
Facility can be released partially or completely based on the requirement. Once the application is created, the same must go through different stages for approval from different teams.
The Post Sanction process explained in this user manual is a model flow. Banks can configure the data segments to appear in various stages of the process flow based on their requirement as part of implementation. The stages available in the Post Sanction Process are:
- Docket Generation
- Document Execution
- Business Head Review
- Document Officer Review
- Legal Check (Optional)
- Final Check
- Limit Activation
The process and functionalities are same with the difference being the entity type.