CREDIT APPRAISAL PROCESS IN BANK OF MAHARASHTRA A Summer Internship Project Report Submitted in partial fulfillment of the requirements of the PGDM (Post Graduate Diploma in Management) ITM BUSINESS SCHOOL‚KHARGHAR SUBMITTED BY: RACHANA SINGH CHANDEL (KHR2011PGDM21F216) UNDER THE GUIDANCE OF: Mr. Suhas V. Vaishampayam Mr. Narendra Jain Faculty Guide‚
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speech on credit. Credit is so important because it affects much more than your finances but also your career and your personal life. Even Landlords often check up to see if they want you as a tenant. Today I will tell you what lenders look for when considering you for credit and how you as a consumer are evaluated. Then I will explain to you how your score is calculated. And finally I will give you some tips on how to use your credit wisely. What lenders look for when they review your credit report
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Credit Scores and Reports Have you checked your credit report? Do you know your credit score? A credit report contains information about your bill payment history‚ loans‚ current debt‚ and other financial information. The information in your credit report is used to calculate your credit score. A credit score is a number that rates your risk at one point in time‚ it can help lenders and creditors decide whether to give you credit. Having an elevated score can benefit you in many ways‚ including
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30‚ 2014 Buying on Credit In a world that is heavily reliant on economics and personal finance on a global scale‚ it is necessary for people to have the availability of credit. Both individuals and businesses use credit to facilitate purchases that they would not have been able to afford in cash. Having access to credit can be either an advantage or a disadvantage‚ depending on whose perspective you look at it from. The ease that is currently experienced with accessing credit is proof that it is
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My credit score is the key to my financial future. It is the key that will open doors that will allow me to buy my own home‚ obtain car insurance‚ get lower interest rates on loans that I apply for‚ and to even buy a cell phone. Credit scores are used by potential lenders to gather information from credit reports‚ provided by three credit bureaus: Experian‚ TransUnion and Equifax‚ to represent individual creditworthiness. Credit scores are broken down into 5 components; payment history‚ amounts
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Credit cards have affected people’s lives in the 21st century. Many people use credit cards as an identification tool. In my opinion‚ credit cards have many benefits if they are used wisely. Credit cards offer a safe alternative to cash‚ and an opportunity to develop a good credit rating. They also provide the consumer with more time to pay for his/her purchaser. Credit cards are a safe alternative to carrying cash. When you have your card in your wallet‚ you don’t have to carry cash that can be
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Consumer Credit Scheme of Prime Bank Limited Executive Summary Internship is an essential part of BRAC universities BBA program. As per the requirement of the BRAC University I have to perform 90 days or three months internship which will help to prove my potentiality in the practical field. I achieved the opportunity to prove the potentiality‚ which has given by the Prime Bank Ltd. to commence my internship in the motijheel branch from 27th January to 27th April‚ 2009. As per the requirement
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201 February 25‚ 2005 Global Credit Availability: In today ’s world of personal finance and economics‚ with the global perspective being the primary focus. Corporations‚ just like individuals‚ are looking at expanding their horizons and saving or making as much profit as they can. How do they accomplish this gigantic and often expensive proposition? The answer to this is through credit. However I poise a question to everyone. Is the ease of which to receive credit today a hindrance and detriment
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CREDIT RISK MANAGEMENT AND PROFITABILITY OF COMMERCIAL BANKS IN KENYA BY ANGELA M. KITHINJI SCHOOL OF BUSINESS‚ UNIVERSITY OF NAIROBI‚ NAIROBI – KENYA. akithinji@yahoo.com or akithinji@uonbi.ac.ke OCTOBER‚ 2010 TABLE OF CONTENTS 1.0 INTRODUCTION....................................................................................................................1 1.1 Background ....................................................................................................................
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Introduction The “6 C’s of credit” or “6C ’s of banking" are a common reference to the major elements of a banker’s analysis when considering a request for a loan. Is the Borrower Creditworthy? The question that must be dealt with before any other is whether or not the customer can service the loan –that is‚ pay out the credit when due‚ with a comfortable margin for error. 6 C’s of Credit 1. Character 2. Capacity 3. Cash 4. Collateral 5. Conditions 6. Control Character The first
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