what are the principles of lending & define it clearly
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Principle of lending • The business of lending, which is main business of the banks, carry certain inherent risks and bank cannot take more than calculated risk • whenever it wants to lend. ... Safety means that the borrower should be able to repay the loan and interest in time at regular intervals without default.
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Answer:
Principle of lending • The business of lending, which is main business of the banks, carry certain inherent risks and bank cannot take more than calculated risk • whenever it wants to lend. ... Safety means that the borrower should be able to repay the loan and interest in time at regular intervals without default.
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