Business / Khimji Finserve, SBI Join Hands for Seamless Banking Automation Ahead of ERP Rollout

Bhubaneswar, Oct 28: Khimji KD & Sons has announced a key step in its digital transformation journey with the integration of the Cash Management Product (CMP) Application Programming Interface (API) in association with the State Bank of India (SBI), officials said on Wednesday.

On October 26, Khimji KD & Sons hosted Chander Shekhar Sharma, Deputy Managing Director (Transaction Banking), SBI, at its corporate office in Bhubaneswar. During the visit, SBI handed over the letter of association for CMP API integration to Arindam Ray, Chief Executive Officer of Khimji Finserve Private Limited.

According to the company, the integration is expected to enable automated loan disbursements, secure fund transfers and real-time reconciliation of transactions. The system is scheduled to go live alongside the organisation-wide Enterprise Resource Planning (ERP) rollout next month.

The visit also provided an opportunity for discussions between the SBI leadership and the promoters and board members of Khimji KD & Sons on future prospects in the gold loan and jewellery segments.
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Highlighting the significance of the initiative, Mitesh Khimji, Managing Director of Khimji KD & Sons, said digital transformation is not merely about adopting technology but about creating smarter processes, enhancing customer experiences and building a strong foundation for sustainable growth.

The company said the latest collaboration reflects its focus on improving operational efficiency, transparency and customer-centric financial services through technology-driven solutions.