Open AccessCREDIT RISK MANAGEMENT WITH SPECIAL REFERENCE TO UNION BANK OF INDIA, GORAKHPUR
Author(s) -
Bharti Shukla,
Ashutosh Kumar Pandey
Publication year - 2022
Publication title -
sachetas
Language(s) - English
Resource type - Journals
ISSN - 2583-312X
DOI - 10.55955/110003
Subject(s) - business , loan , credit risk , credit reference , credit history , cash flow , finance , payment , credit enhancement , financial system , risk management , credit rating , credit card interest
“A Credit risk is the risk of default that arise when borrower failing to make required payment.” A credit risk is a result of the business loan from the banks by the people or company. Banks are a kind of enterprise; their ultimate goal is maximized profits. Credit business is the core business of all commercial banks. By the RBI guidelines, the banks have to provide loan to the customers so that increase flow of cash in the market. The purpose of credit risk management is maximizing the returns by maintaining the rules and regulation of the banks and RBI.