• Answer of this question

    Please upload work regarding credit manager
    Davneet Singh's image
    Davneet Singh

    Credit Managers work in Banks and Financial institutions

    They are responsible to Check Financials and Credit worthiness of Different Customers who apply for loan

     

    Suppose a Client approaches Bank for Term Loan of 20 lacs

    1.Client will Submit CMA Data(It contains past and current year Profit and loss Balance Sheet as well as future projected figures)

    2.Credit Manager have to Check pass trends of business profitability and see that future projections are correctly based on logic

    3.He also checks Past Credit history of Clients (Called CIBIL Score)

    4. They also check different documents and security from client like Bank Statements,Property Papers etc

    5.They Check Fund flow,Cash Flow and Different Ratios like DSCR

    To learn these in detail

    Study Step 5 to Step 7 at

    http://teachoo.com/subjects/accounts-and-finance/

     

     

    .


    Written on Feb. 11, 2017, 12:14 p.m.