Loan ten­ure

Down to Earth - - BANKING -

Af­ter giv­ing a loan, a bank should en­sure:

Pro­moter is hon­our­ing the loan agree­ment

Pro­moter is com­ply­ing with ap­pli­ca­ble laws and poli­cies

Reg­u­lar site in­spec­tions to cross-ver­ify the ground re­al­ity of com­pli­ances and check the progress re­port of the same

In case of any ma­jor non­com­pli­ance ac­tiv­ity, banks should work with the pro­ject pro­po­nents to en­sure com­pli­ance

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