Banking denying credit?

Question

Bank is denying credit even on submiting collateral.

Comments

Hi Anaya

Providing collateral is not the sole criterion for a Bank to extend credit.  Bank credit, inter alia, primarily would be based on profile / business model / period of existence / necessity / management / managerial team / financials / profitability etc, which if found satisfactory may have to be supported by adequate collateral.

RAJA

Answer 1

Hi Anaya

Sincerely regret the delay in answering. We hope that your issue might have been resolved.  We would definitely like to assist you in future for any queries. If your problem still remains unresolved, the solution is as follows.

Providing collateral is not the sole criterion for a Bank to extend credit.  Bank credit, inter alia, primarily would be based on profile / business model / period of existence / necessity / management / managerial team / financials / profitability etc, which if found satisfactory may have to be supported by adequate collateral.

RAJA