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What are the problems that hinder any direct transaction between the lender and borrower? What role do banks play in mitigating those issues?
360-degree Feedback
A comprehensive feedback mechanism where an employee receives confidential, anonymous feedback from their supervisor, peers, subordinates, and sometimes even customers.
Annual Performance Review
A structured evaluation process in which an employee's job performance is assessed, typically once a year, by their supervisor or manager.
Department
A distinct area, division, or branch within an organization or institution, specializing in a specific field of activity.
Loan Manager
An individual responsible for overseeing and directing the loan process within a financial institution.
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