How Do I Sign Connecticut Banking Document

How do i industry sign banking connecticut document later

welcome to your own YouTube channel friends don't forget to subscribe the channel so that you won't skip any content video in this banker series also do stay till last of the seminar so that you don't miss anything as I am going to share many important topics tips and points which no other senior all your colleague will tell you this seminar is made keeping whole banking community in mind and not specific to any particular bank share this video as far as possible so that your friends to benefit and don't make mistakes while lending friends with fast promotions and less experience most managers or officers find it tough to handle the advances pressure of the branch let me tell you that advances or loans which are done in pressure normally turn bad or NPA so it's better to have Thoreau knowledge of advances before going for the depth let us start with the agenda of the seminar first we will start with kyc here you will learn what to look for in the borrower when he or she first comes for the loan and things to look out for which most bankers miss next we will learn about the credit cycle whatever different stages of alone knowing credit cycle is very important for any banker sitting in the advanced estate then we will learn about the pre sanction stage which things to look out for before saying yes to any loan proposal this is the stage where most mangles make mistakes next we will learn how to safeguard the loan if you safeguard the loan then you are not only safeguarding the institution but also yourself as mistakes done often comes to haunt you later in your career next we will see how and what point to see in a balance sheet presented by the borrower friends you will have to come across the balance sheets if you are sitting in once you see sooner or later so better watch this part very carefully then we will have a look at the points to notice in legal opinions presented along with the loan file friends no matter which loans you are doing if it's related to property then legal opinions are must and this is where your hands are tight as you can do everything yourself except this thing for legal opinion you are dependent on your advocate in this part you will learn what and how do the legal opinions next you will learn points to remember while filling up results many experienced people also make mistakes and or say blunders while failing appraisals so you should check this part very carefully then comes an important part that is an inspection in this section you will learn how to do unit inspections many doesn't take inspection seriously and just go to inspect have some tea and snacks and come back this is not what instruction is all about we will learn how and what to look out for in the inspection after sanctioning the loan now comes an important part that is how to perform post section post sanction is equally important as pre sanction at last we will look for some miscellaneous but very important points which are often skipped or many officers don't even know so do stay till last of the seminar I also have a free ebook Oh apology this seminar will change the way you work in advances or learning we will start with kyc yes kyc is must you must first identify the customer it is better to approach the customer rather than the customer approaches you sometimes bar over is not selected properly he is either new customers or introduced by another stranger or middleman never involve middlemen you should talk to customers directly also avoid giving multiple loans to single party or family or groups to minors lunatics or in solvents it is compulsory to complete all kyc norms before you are even thinking of giving a loan for kyc the following things are to be taken care of first is proof of identity then proof of residence then comes proof of business address then comes man card then comes ID I received it must be noted that you should take the ideas duly verified these days ideas are verified online through other and you should accept those ideas only photocopies of all these must be verified with the original and also get them signed by the borrower and also keep on record Jarro 10th occasion is now made compulsory in all loan accounts so these days it's easy to do kyc as you can match the fingerprints and other details with you ID a database and actually verify the details of borrowers next we move on to credit cycle the credit cycle consists of credit opportunity credit creation the credit management credit completion and then back to credit creation whichever branch you are posted you will find loans in one stage or the other so credit opportunities the loan cases spending and also making new leads in advances then credit creation is the pre sanction or pre visit part of the loans the credit management is the documentation part of any loan and credit completion is the post sanction part of any loan thus every branch has loan cases which will belong to any of the above stages now comes our we as default or list you should always check whether burrower belongs to RBS default or list or not which you can access on RBS website you should confirm that bore over or guarantors name do not appear in the default errs list and confirmation of the same must be put on record then comes civil reports next step is to search the civil report of borrowers and guarantors in all loan cases and commercial civil report in case of forms or companies civil report should be analyzed thoroughly that the borrower or guarantor have availed any loan from other banks or financial institutions or is there any overdue amount there should be documentary proof to satisfy these irregularities you should avoid giving loans to civil score of below 650 any loan coming in the Civil should be cross verified from the borrower also avoid giving loans where account shown in civil statements are running over deal though civil is must regenerate before any loan but as for my observation civil reports has many flaws especially in rural areas where most often you will find civil score of minus 1 and it becomes very difficult to proceed thus you should not deny any loan simply on the basis of civil before proceeding further search should be made on society or civil market side to ascertain that there is no mortgage outstanding and there is a property in any bank or financial institution then comes an important part that is loan safety friends practically no loan is safe as you can't see what is going on inside the borrowers mine loans with all proper documentation and all due diligence also goes NPA just imagine if a millionaire comes to your branch with perfect civil score and lots of security to offer so can you deny him the loan the answer is no isn't it but if the account willfully turns NPA then whose fault is this you did everything but still you can't know what's running inside the person's mind recently agriculture debts were waived in many states and what happened after that was that even the good farmers or the farmers which were paying their dues regularly every year even they start repaying their debts and the only also they gave was that saab mahadeva o our loan will be waived again the fact of the matter is that you don't know what's going inside and borrowers mind or what will happen in the future so but still if you can wisely apply these points mentioned in this seminar you can still tailor going to be an PLO then comes an important part of landing that is free sanction with it so in this stage you visit the residence or place of the borrower lays of the unit or and property to be mortgaged pre sanction visit is basically to determine the bank ability and access related riskiness of the proposal identification of borrower and site must be ascertained beyond doubt by inquiring from neighbors and other surrounding people the whole observation must be noted down and to be placed on the Recon mostly I see pre sanction visits are done informing the borrower and he too presents a rosy picture with tea and snacks well prepared before your arrival always do the sanction with it without any notice to the borrower Nam's assets and liabilities reports assets and reliability statements of all borrowers or guarantors must be prepared on prescribed for mind mentioning full details of assets and liabilities duly signed by the borrower or guarantor and accountant and manager you should also take necessary proof of assets and liabilities being taken then comes balance sheets in case of working capital limits you need to ask for three years balance sheet of the unit along with income tax or sales tax returns etcetera for higher amount get audited balance sheets also ask projected balance sheet of next two years in case of working capital limits and for the period of loan in case the term loan is mandatory in the balance sheet must be analyzed thoroughly and sanctionable limits must be assessed friends as per my experience I rarely see a flawed balance sheet which of borova brings as the Chartered Accountants give a perfect balance sheet to the borrowers which no bank or financial institution can question you can find ready-made balance sheets in many big cities so how to verify your balance sheet you think it's by calculating various ratio no sir the figures are so perfect that even ratios are perfect so what to do you should analyze the following points and verify the figures presented in balance sheets so here comes your analytical skills the first is how capital or fund is raised then how capital or fund is utilized then you should see the financial stability of the form then you should also assess the profitability next comes is EPM and capacity also assess the expenditure analysis then you should check the sales achieved of the form also check existing loans and liabilities so friends if you deeply analyze above points with the visit to the site and analytically analyzing the form then you can easily find suspicious points in the balance sheets next comes the project report the project report is mandatory for term lending the project report contains details of machinery to be acquired price name of the suppliers the capacity utilization the production sales projected to report the projected profit and loss balance sheet for the next seven to eight years till the proposed loan is to be paid projected report should be analyzed and feasibility should be ascertained then comes credit rating the credit rating must be done in all known cases as per bank's guidelines retail loans like housing loan auto loan and education loan should be done as per banks norm the rate of interest should be fixed as per credit rating in agricultural loans there is no need of credit rating also the credit rating should be done judicially based on analyzing balance sheets you must always avoid sanctioning loans having credit rating below 3 now comes very important part of lending that is legal opinion verification of title deed of property to be modest is utmost necessary it must be ascertained that it is original nor fake scanned copy or duplicate one in legal opinion a Revenue Authority should personally verify that Title II to be mortgage must tell you with the one kept with the revenue accords you must get a certified copy of title deed and tally it with original title deed also takes certificate from advocate that certified copy tallies with the original one you should thoroughly read the legal opinion given by the Advocate and observe that there is no objectionable thing which goes against the bank interest also obtain all the documents mentioned in the legal opinion here it is important to note that you should personally verify that submitted title deed belongs to the property you visited earlier also make sure that survey C Act 2002 is applicable on the property certificate of change of land must be taken in case of unit to be financed is to be billed on agricultural land if you are financing commercially in rural areas then is you should note that the land is converted into the commercial usage from agricultural land you can't finance for commercial projects on agricultural land now we will see announcement cases any additional limit sanction against the same secured discharge or which are already charged to the bank you must ensure that the the the charge is extended to such limits then all concerns should be kept informed and you should also acknowledge debt or balance confirmation with the borrower now comes another important part that is valuation valuation of property to be modest is to be done from valuer on the banks panel the considered value is either circle rate or realizable value whichever is lower after that realizable value can be considered for agricultural land the circle rate is fixed by the collector revenue for the area or circle the Land Revenue Authority or tahsildar or DM or any other authority for determining the valuation of land should be considered a valuation report of the valuer must be thoroughly analyzed that it should not contain any command which may harm the bank's interest on a later stage the title lead revenue numbers area of the land must tell you the deed or legal opinion and valuation report now let's see points to note while filling the appraisal after verifying all documents the appraisal note should be filled care should be taken that full details should be filled and it should be and it should be complete in all respects appraisal should reveal how much riskier the project is for the man documentation forms the basis of legal relationship between the bank and Brava thus following points should be taken care of while filling the Brazil the first is information of borrower name full address phone numbers pan number date of birth and net worth and Constitution should be given then while processing credit figure out both positive and negative points on the piece of paper now compare the proposal with a circular of the man all circulars have checklist take point by point and figure out gaps if any also Jordan measures that you or the party needs to take to fill those gaps get confidential reports from the other banks and financial institutions then amount of loan and purpose of launch should be given in full constitution of account you should note whether the account is individual join the coab or over or proprietorship or partnership or a private limited company also ask for full details of his accounts with other banks or branches then information of guarantor should be given in details like name address span number date of birth phone number network etcetera then detail of primary security should be given in full as related to the case example if it is mortgage of property full address as mentioned in the legal opinion should be given along with the date of legal opinion and valuation report and values like market value realizable value we did if hypothecation of vehicle its RC number date engine number date of insurance etcetera should be written clearly similarly for additional securities full details should be given as the case may be then balance sheet figures should be given in full preferable consisting of last two years audited figures the current she is provisional figures and the projected figures for the next two years ratios like current ratio debt to equity issue etc must be calculated and failed observation about Baron C must be mentioned in the note at last we have credit rating which must be mentioned in the note and based on it the rate of interest should be mentioned by quoting circular number on which it is based next we will see the payment detail of repayment mentioning amount of EMI also in words duration in months must be mentioned if moratorium period is allowed then it must be mentioned and also mentioned the date of first installment now let's see about the disbursement in case of term loan disbursement should be asked for scheduled approved by the bank in case of housing loans disbursement should be related to actual progress in the implementation of project for that you should visit the site periodically for any delay in project you should seek the borrower's arguments also monitor cost being incurred and scrutinize receives being produced by the borrower in case of education loan the disbursement should be semester wise and freeze details shoul be asked directly from college and not wire student in case of housing loan disbursement you should never disperse all amount in full it's always in phases and the picture of every stage should be saved in file a small important tip that you should never disclose the date of disbursement over over actual date of disbursement should always be hidden from customers now let's see role of periodic inspections periodically inspections animal bank to keep a check on the stock hypothecated to bend now what you should do in periodical inspections the first is obtain basic inform the functioning of unit then do physical verification of stock then I just talked with stock statement given then the rough valuation of the stock on MRP or market price then you should see the quality of the stock hypothecated to been it should not be of inferior quality which is charged to bank or obsolete or projected stock which is of no market value then the bank's name should be prominently displayed on side the unit where goods are hypothecated to them example our bank XYZ head man more like this should be displayed outside next in case of pledged and showed that the storage area is properly maintained earthquake and flood resistant goods are stored in the proper manner also stock audit is regularly conducted and a proper register is maintained also note that the stocks or securities that are offered should be adequately insured and dad to own the continuous basis next branch should maintain a inspection register where all the findings at the site should be noted it is a good idea to take 2-3 snapshots and paste them on the register with signature of visiting officials another point to note is that instructions should be done vigorously and not pre inform the borrower and telling him to prepare tea or snacks inspection should be done without even making moreover know that you are going to visit and which date or time just caught the borrower red-handed only then you will come to know how he behaves and the imagined society in case of housing loans visit office of sub registrar or revenue office to verify the charge of bank on the mortgaged property next is Sir say after dispersing the mortgage related cases the mortgage must be registered with society within one month of loan it is mandatory and a registered number must be mentioned on a loan file now let's see post sanction appraisal po sanction appraisal generally deals with documentation of facility and after landing follow one must carefully view the transactions on the loan or CC facility given non-payment of interest on due date should be immediately followed up with the borrower in case of CC requite overdraft should not be allowed many limit holders have this practice of asking for overdrafts to clear their cheques in clearing also transactions with sister concern should be monitored scrutinized the stock statement which are periodically submitted physically verify the securities and books of accounts of the borrower next come ROC in case of private or public companies the banks charge on the assets of the companies must be registered with ROC within 30 days of creation of charge the search report of discharge must be put on a record now let's see is review of borrower's account the periodical review of borrower's account is necessary the first is for NPA control if you can identify some odds during initial stages of account then you can easily minimize your future NPA next for taking preventive measures for improvement in cash flow and avoid slippage ease into substandard or doubtful category also review is important to ascertain if business is doing good or bad is bad then preventive measures may be taken next is wetting the executed documents of loans of larger amounts must be got wet it from Advocate on the band's final and certificate should be put on record in case of larger loans the documents must be got wetted second time from another advocate on the banks panel and certificate should be put on record now comes post sanction follow-up for posting follow-up and short term land condition of sanction is intimated to borrower well in advance also ensure that borrower is advised for the scene ensure reshipped of acceptance of terms and conditions and captain record and are fulfilled before disbursement now let's see post lending visit this visit is very important to verify the and use of funds assets to be created by the loans sanction must be verified physically and fats noted should be kept on the visit report now on the important part that is a renewal or revival renewal or revival of accounts must be done on due date on the basis of latest financial documents friends this checklist is only indicated and not exhaustive the guidelines may vary from man to man but it will help people dealing in advances portfolio to take judicious and prompt decisions dealing with the loan proposals the mantra for good credit is simple good system of appraisal or assessment of credit needs an effective supervision and follow-up post sanction thanks for watching the seminar hope this will improve the way you work in advances and enhance your knowledge don't forget to subscribe this channel by hitting the red subscribe button below this video thank you