CREDIT RISK MANAGEMENT WITH SPECIAL REFERENCE TO UNION BANK OF INDIA, GORAKHPUR

Abstract

“A Credit risk is the risk of default that arise when borrower failing to make required payment.” A credit risk is a result of the business loan from the banks by the people or company. Banks are a kind of enterprise; their ultimate goal is maximized profits. Credit business is the core business of all commercial banks. By the RBI guidelines, the banks have to provide loan to the customers so that increase flow of cash in the market. The purpose of credit risk management is maximizing the returns by maintaining the rules and regulation of the banks and RBI.