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What Are the Problems That Hinder Any Direct Transaction Between

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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?


Definitions:

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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