What is credit monitoring of loans and advances?
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 … Continue reading What is credit monitoring of loans and advances?
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