Credit monitoring strategies in a bank taking place in two stages namely pre-sanction stage and post sanction stage of loans and advances. Pre-sanction process involves identification of borrower, the purpose of the loan, quantum of loan, period of loan, source of repayment, security for advance, profitability, pre-sanction unit inspection, appraisal of credit proposal, and sanctioning of the loan/limits. The post-sanction monitoring includes proper documentation for the loan/limits sanctioned, stamping, execution, and execution of documents by special type of borrowers, attestation of documents, and registration of mortgage/memorandum of the mortgage, registration with the Registrar of companies (ROC).
Following are the Post disbursement follow up are normally conducted by the bank.
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