Form 8

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Querist : Anonymous (Querist)
06 April 2012 what is the meaning of the consortium Finance is involved?

this question is mentiond in form 8.



06 April 2012 Under consortium financing, several banks (or financial institutions) finance a single borrower with common appraisal, common documentation, joint supervision and follow-up exercises, these banks have a common agreement between them, the process is somewhat similar to loan syndication.

In hindi it is simply called:
सहायता संघीय वित्त

now cheers

06 April 2012 Hi

Consortium means a group of independent companies participating in a joint venture for mutual benefit. Companies in a consortium cooperate with one another, often sharing technology as needed. A consortium allows the companies to conduct operations that they would not be able to do individually. It is important to note, however, that a consortium is not a merger and the companies remain independent.

If you are taking finance from Individual Bank then u click on "No" in Form No. 8.


Regards


06 April 2012 consortium finance mean A group of independent companies participating in a joint venture for mutual benefit. Companies in a consortium cooperate with one another, often sharing technology as needed. A consortium allows the companies to conduct operations that they would not be able to do individually. It is important to note, however, that a consortium is not a merger and the companies remain independent.

07 April 2012 Consortium Finance means loan taken from more than one Bank.When the loan amount is high then more than one bank finance it.



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