General Knowledge : Banking Awareness : Discussion


As per newspaper report,one of the major public sector banks sold out its RS> 500 Cr. loan to IIFCL. This type of buying and selling of loans in banking sector is popularly known as,

A. Teaser rate financing.
B. Take out financing.
C. Infrastructure financing.
D. Development financing.

Answer: Option B

Explanation:

Take out financing is a kind of long term finacing by the banks. Like 15-20 years. It is also called as 'Take out Loan'. Usually Take out financing is  used for real property and commercial purposes.


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