Credit Reports
1.Credit reports on individual borrowers/ company/obligant/ guarantors are obtained and are kept on record.
2. The Branch Manager has independently verified the correctness of the information furnished by the borrower/guarantors in personal information form and has prepared confidential report in the prescribed form (F.85). The credit reports are updated annually and fresh reports wherever required are obtained and held on record.
3. Brief particulars of immovable properties owned by the individual/firm together with the conservative estimates of their market value are kept on branch record. Wherever required and found necessary fixed assets charged to the bank must be got valued from approved valuer and such valuation reports be kept on record.
4. That the nature and extent of credit facilities, if any, enjoyed by the applicant/borrowers at different offices of the ban as also at other bank/banks are obtained and kept on record at the branch, while arriving at the credit needs of the applicant, care is taken to take into account all such other credit facilities enjoyed by the borrower.
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