RC & WC

About Retail and Wholesale Credit

The Retail and Wholesale Credit department focuses on the collection of the bank s various loan products like Home Loans, Car Loans, and Personal Loans among others While underwriting department focuses on risk mitigation towards the loan offered to the customers The department is key for the Loans business vertical as it is responsible for controlling and ensuring timely EMI collection and maintaining risk of the businessThe Credit Officer is responsible for the appraisal and approval of the loan application on the basis of the power delegated to the and for onward recommendation of the same to the credit teamAppraise or underwrite the loans within defined policy guidelines and accordingly take decisions or recommend for approval to appropriate authorityAssess the income, ability, intention, and credit behavior of the applicant and verify it documents and reference checks as well as from credit bureausEvaluate all the credit risk parameters and implement measures to mitigate the samePrepare the Credit Approval Memo and manage the overall TAT and approval rateEnsure complete adherence to the laid down policy and procedure / processQualificationsDiploma/ Graduation from a recognized instituteRole ProficienciesKnowledge of credit, banking regulations and normsMaintain a high level of knowledge of banking products and servicesGood communication (both verbal and written) skill in both English and the local languageAbility to handle pressure and meet deadlines