Difference between renewal and reviewal in banking sector
This query is : Resolved
ajay sabharwal
(Querist)
20 October 2009
I want to know the diff between renewal and reviewal in banking sector.
Thanks
Thanks
20 October 2009
there is no word like reviewal, I think you are talking about renewal and revival.
if yes please tell..
if yes please tell..
22 October 2009
Hi Ajay,
I got reference from your comment at my expert page and understood that you are talking about revival only.
I got reference from your comment at my expert page and understood that you are talking about revival only.
22 October 2009
Renewal means re-estimation of the facilities granted. Normally a bank renews cash credit facilities annually, however client can ask a pre-term renewal based on their financial results, new external rating and requirement. AND
22 October 2009
Revival means payment of defaulted documentary credit.
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