Credit Risk Management by HDFC Bank in Bangalore
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Date
2018-10-17T09:40:35Z
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Abstract
The word credit derived from the Latin word “Credere”, meant “Trust”. When
merchant exchange his wealth to a purchaser who has agreed to pay later. This is the
clear inference of trust that the payment will be made at the agreed due date. The level of
trust decides the credit period and credit amount.
Credit is crucial part of promotional tool. This credit bears cost to the seller until
the agreement payment is not received as per the due date. If a customer is not paying the
credit as per they agreed to pay later, this causes a unplanned expense for the seller
which will reflect on the planed net profit.
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Satyabrata Hati, 1NZ16MBA55