Guwahati, Feb. 4: The Indian Institute of Bank Management (IIBM) here is planning to open a credit appraisal centre to provide consultancy services related to credit for banks in the Northeast.
B.B. Sangma, who has been appointed the new director of the institute, said the centre would cater to consultancy needs of the banks before sanctioning credit to business establishments as well as entrepreneurs.
“The centre will help in conducting the feasibility study of a project being planned in the region and based on the study, banks will be able to take decisions while granting credit. For example, if an organisation or an entrepreneur wants to set up a big horticulture project and applies for huge loan from a bank, the bank can take help of the credit appraisal centre to find out if the project is viable or not and take a decision accordingly,” Sangma said.
“There is a need for this centre as many companies are coming up to the Northeast with big investment plans and there is no credit appraisal centre here,” he said.
The IIBM offers services to banks, financial institutions and their customers all over the country in developing sharp management skills and banking management.
The institute, Sangma said, is also planning to start a diploma course on banking management.
Sangma, who has been serving as banking ombudsman of the RBI, NE regional office, said it had received 722 customer complaints related to banks during 2011-12 from across the region, compared to only 37 complaints when it started the service in 1996-97.
Anand Prakash has been appointed the new banking ombudsman of the RBI regional office here.