Credit Appraisal & Bankability- The Modern-Day Evaluation
Credit appraisal of a loan denotes evaluation of proposal as per the guidelines of the regulator and internal policies of the Financial Institution. Be it a Bank or NBFC both will follow the process of Credit Appraisal so as to take an informed decision on the loan application.
?Although it comprises of various steps which includes KYCs at an initial go followed by understanding of the financials in case of Corporate Finance and Income Statement in case of Individual Finance. But these days majority of the credit analyst would focus on the future projections of the applicant rather than the historical standings of the applicant.
Read More - Credit Appraisal