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The role and duties of an operations department depends on a particular industry and its size. The operation management develops internal policies and procedures to be followed and manages the operations staff. Operation manager helps to analyze the company´s finances, spending and manage other resources. In addition to its duties, the operation manager has to …

In the financial sector an underwriter is an important entity that helps the companies to introduce the future risks, analyzes, assumes and evaluate the information provided by the borrower to understand and assess the minimum loan criteria.A credit manager is a qualified professional employed by the Bank/ NBFC to handle the credit department and make …

Here one can easily get confused with the word pillar being used for the financial industry. Basically financial industry is like a skyscraper building that needs support to stand still and work efficiently. The financial industry has many facets that require different specializations to work. But here, we are discussing financial industry in terms of …

Financial sector in India is a diversified sector which is growing day by day both in terms of new emerging entities and strong growth of existing financial servicing firms. The financial sector includes commercial banks, NBFC’s, insurance companies, co-operatives, pension funds and many other small financial companies. The financial sector in India mainly includes the …

Personal loans are like a sigh of relief in the times of need. After all it helps when you don’t have any money stacked in your savings, even when your friends or family are unable to help you. We are not left with any other option except than borrowing. Personal loan lends us money without …

It seems to be quite exciting when the Bank/ NBFC say that you loan amount has been granted and especially for Business Loan. Business loan seems to be a great option to expand an office space, buying new machinery, recruit more people or manage day to day expenses. Whether you opt for a traditional bank …

Moving into our own house is nothing less than a dream come true. Home loan is our life’s biggest financial commitment, a way to create a lifetime asset and a way to transform your dreams into reality without making a hole in your savings. Even if the margin of error while the repayment of loan …

Mode-of-Repayment-for-a-Loan

Repayment The act of paying back the borrowed money to the lender is known as Repayment. Repayment is usually done in the form of periodic payments and each payment goes in favor of principal plus interest. Default in the repayments of the loan during the tenure due to any reason can cause an adverse effect …

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