Sub-prime lending refers to ________ A. lending done by banks at rates below PLR B. Funds raised by the banks at sub-libor rates C. Group of banks which are not rated as prime banks as per Banker‘s Almanac D. lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards E. All of the Above

Sub-prime lending refers to ________ A. lending done by banks at rates below PLR B. Funds raised by the banks at sub-libor rates C. Group of banks which are not rated as prime banks as per Banker‘s Almanac D. lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards E. All of the Above
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D. lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards Explanation: In finance, subprime lending (also referred to as near-prime, non-prime, and secondchance lending) means making loans to people who may have difficulty maintaining the repayment schedule, sometimes reflecting setbacks, such as unemployment, divorce, medical emergencies, etc.
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Which bank is the Banker of the Banks? -General Knowledge

Description : Which bank is the Banker of the Banks? -General Knowledge

Last Answer : answer:

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