Compliance Is The Armour For Lending Institution: A Case Study Related To Agri-Finance

Geeta Sachdeva

Informasi Umum

Kode

24.10.118

Klasifikasi

332.1 - Banks, Bank failures, Money and banking, Financial institutions and their functions

Jenis

Case Studies

Subjek

Bank

No. Rak

Dilihat

239 kali

Informasi Lainnya

Abstraksi

This case study details the tenure of Seema in a rural branch of Safe Bank of India located in Haryana which she joined as a manager in the year 2016. She overachieved the target given by the district collector office, and going by the tide, she kept her reliance on the references provided by non-government organization (NGO) without complying the bank’s instructions. She committed errors while sanctioning the loans, which led towards the upsurge of non-performing assets of the branch. Later on, after investigation it was discovered that she did not follow fundamental bank’s instructions. In wake of those lapses and errors, how she could have avoided those lapses and secure the public money? What were the most important documents while granting agriculture finance and what due diligence she should have taken? How did she treat calls from the government departments? Was she right in trusting the suggestions of the NGO?