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Banking Industry Solutions

Business challenges

Business Challenges

Imagine a client has submitted a big credit proposal and you are working with no sense of timing. There’s paperwork everywhere, your phone is ringing off the hook and you refuse to answer it because you are just not ready to deal with that persistent client. Before you know it, you are totally confused, paperwork is strewn all over your desk and you are not sure where anything is. And before you know it, you have lost a client. Poor time management and poor credit assessment can lead to loss of a valuable client. The important point is not necessarily about getting lots of stuff done, because much more important than that is making sure that you are working on the right things, the things that truly need to be done.

While sanctioning a credit, the credit officer needs to give his opinion about the following vital items in the credit proposal

  • Security
  • Terms and conditions
  • Covenants
  • Margins
  • Enclosures