What would you like to do?

Functions of credit department in a bank?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

The credit department's main function is to lend money. There are several roles and responsibilities that go along with this.

  • Assessing the potential loss risk of the loan
  • Developing and adhering to lending policies
  • Understanding of lending laws
  • Knowledge of in house lending procedures
  • Analyze the financial condition of the borrower
  • Securing collateral and guarantees
  • Collecting proper documentation
2 people found this useful
Thanks for the feedback!

What is the function of the service quality department in the banking industry?

The service quality department in a bank serves as a the service maintenance and improvement team in the bank. This means, the department will run regular maintenance activiti

What are the functions of foreign exchange department in bank?

Foriegn Exchange department in a bank has following functions:   EXPORTS   * Pre-shipment Advances  * Post-shipment Advances  * Export Guarantees  * Advising/Confirmi

What are the functions of a marketing department in a bank?

  Just like a retail company, banks have products or services that they sell to the public to gain profits or funds to operate the business and make loans. Therefore they

What are function of Operation Department in bank?

1 .Corporation Banking Department 1.1 Studying and implementing financial policies and regulations; making the operating plans of the whole year 1.2 Making the developing and
In Banking

What is the function of sales department in bank?

The sales department of the bank is responsible for improving the sales of the bank. They are responsible for reaching out to new/potential customers and canvassing them to op

What does credit risk department do in banks?

In basic terms they are emplyed to check out customers applying for  loans (credit) and identify those who are likely not to be (a) able  to make replyments. (b)default on t