2 About FI Credit Proposal Initiation
This topic describes about the FI Credit Proposal Initiation.
Most banks across the countries lend other Financial Institutions and Banks on regular basis. Thus, to support the banks in carefully evaluating the FI Customer’s strength and weaknesses and extend credit facilities, the FI Credit Proposal Initiation process is developed in OBCFPM.
The stages available in the FI Credit Proposal Initiation process are:
- Credit Initiation
- Review and Recommendation
- Approval
- Draft Generation
- Customer Acceptance
- Handoff - Manual Retry (applicable only in case of automatic handoff failure)