Kerala based bank, State Bank of Travancore is planning to switch over to fully automated loan processing system by the end of 2014. The Reserve Bank of India has asked banks to look at proper risk management with the help of information and technology on data analysis and individual credit scoring.

State Bank of Travancore said that it will kick start the pilot scheme from June this year.

Mr. P Nanda Kumaran, Managing Director of State Bank of Travancore on capital raising said, "We are in talks with SBI hich holds 75% in the bank, but cannot say what kind of amount they infuse".

On the automated loan processing, Mr. Kumaran said, "It would help the bank to reduce bad loans and the fully-automated loan processing system will eliminate the human interface that could make different analysis on the loan applications received."

Mr. Kumaran said that the automated loan processing system will also help in data analysis and will also help bank give approvals in a speedy manner.

On expansion programme, Mr. Kumaran said that the bank is planning to add another 46 branches to its kitty by March this year.