All of the following are salient features of Current Profit-00690
All of the following are salient features of Current Profit Driven Culture of the bank, EXCEPT:
This multiple choice question (MCQ) is related to the book/course
vu bnk601 Banking Laws & Practices.
It can also be found in
vu bnk601 Final Term - Quiz No.1.
All of the following are salient features of Current Profit Driven Culture of the bank, EXCEPT:
Primary emphasis is on loan volume and growth with the intent of having the largest market share
Underwriting is very aggressive and management accepts loan concentrations and above-average credit risk
Outcome is typically higher profit in good times, followed by lower profit in bad times when loan losses increase
Outcome is that loan quality suffers over time, while profit is modest because loan growth comes from below-market pricing and greater risk taking
