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Difference between renewal and reviewal in banking sector

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20 October 2009 I want to know the diff between renewal and reviewal in banking sector.


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CA. Dashrath Maheshwari

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CA. Dashrath Maheshwari (Expert)
20 October 2009 there is no word like reviewal, I think you are talking about renewal and revival.
if yes please tell..
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CA. Dashrath Maheshwari

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CA. Dashrath Maheshwari (Expert)
22 October 2009 Hi Ajay,
I got reference from your comment at my expert page and understood that you are talking about revival only.
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CA. Dashrath Maheshwari

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CA. Dashrath Maheshwari (Expert)
22 October 2009 Renewal means re-estimation of the facilities granted. Normally a bank renews cash credit facilities annually, however client can ask a pre-term renewal based on their financial results, new external rating and requirement. AND
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CA. Dashrath Maheshwari

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CA. Dashrath Maheshwari (Expert)
22 October 2009 Revival means payment of defaulted documentary credit.

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