what do you mean by credit risk? Distinguish between credit risk and operational risk.
Answers
Answered by
1
Credit risk is a type of risk which is borne by the lender due to failure in repayment of loan from the borrower. In simple words it can be termed as a loss for the lender.
Operational risk is a type of risk which is borne by an organization due to failure in normal operations of the organizations. This basically means loss resulting from operational failures.
Similar questions