Bank’s loan products is a very sensitive area of operation. There are six basic principles of lending that have been followed by banks since long. These principles are Safety, Liquidity, Profitability, Purpose, Diversification of Risks and Security. Each bank is having its own internal guidelines to ensure that the basic principles of lending are followed.
Bank’s loan products is a very sensitive area of operation. There are six basic principles of lending that have been followed by banks since long. These principles are Safety, Liquidity, Profitability, Purpose, Diversification of Risks and Security. Each bank is having its own internal guidelines to ensure that the basic principles of lending are followed.