06-05-2014, 03:13 PM
HOW TO HANDLE CREDIT PROPOSALS? A STEP BY STEP CHECKLIST
HANDLE CREDIT PROPOSALS.docx (Size: 13.02 KB / Downloads: 12)
Receive the application and record it in the Proposal Receiving Register.
Conduct an interview with the borrower and record it. If the proposal is found prima-facie untenable as per bank’s norm, reject the proposal at this stage.
Check the application and the enclosures to ensure that all relevant documents/ papers are received as per check list supplied to the borrower.
Verify photocopies of documents with the original. Keep a note “verified with original” on the photocopy itself.
If there are missing document/ information ask/write to the party to submit them within specific date. Keep the office copy along with the proposal. Do not ask papers/ information from the borrower in piecemeal.
Conduct pre-sanction due diligence inspection of the factory/ location of the unit/ residence of the borrower. If you feel the need, you may take the help of approved outside agencies for conducting due diligence investigation. This will be in addition to your own.