Default and renegotiation - a management option Department: Banking and Finance By: mrdelight Project ID: 6023 Rating: (5.0) votes: 1Rate this project12345 Price:₦2000 Get the Complete MaterialAbstractThis research has attempted to appraise loan default and renegotiation as a management option for banks in Nigeria. It proceeded with an overview of the loan default by stating the types of loans and their beneficiaries it looked at the criteria for the granting of loans to the public, the management of problem loans and the way out. Also, the elements of goods lending and renegotiation were discussed. The research did not fail to X-ray the measure put in place to recover the loans. Finally, it made recommendations from the conclusion and summary. In carrying out the research, both primary and secondary data were collected and sued the primary data were collected and used the primary data were colleted using oral interviews, while the secondary sources were derived from textbooks, journals magazines newspapers and seminars paper. Based on the findings, particular attention was paid to the effective loan recovery measure resulting from default and poor renegotiation, it is clear that not all those that received loans repaid the loan properly. There were default several causes with prevailing economic conditions, the act of goods, ecological problems, political favors etc. Several banks have taken actions to remedy to situation. The action includes court action, personal contracts, and compliance with the prudential guidelines as set out by CBN and enforced by the NDIC including insider abuse. ...Preview Download Preview +Other Banking and Finance project topics and materials you might be interested in»The role of central bank of Nigeria (CBN) in the development of Nigeria financial sector»Appraisal of the economic implication of electronic banking in Nigerian banks (A case study of diamond bank)»The impact of strategic planning on banks performance in Nigeria (A case study of united bank for Africa plc)»Evaluation of the impact of liquidity management on banks performance in Nigeria ( A case study of UBA )»The roles of central bank of Nigeria in the prevention of bank failure or liquidation (A case study of central bank of Nigeria 2005-2009)»The role of financial institutions in promoting banking habit and saving capital formation in Nigeria»The effect of electronic banking on fraud reduction in bank (A case study of access bank plc)»The effectiveness of monetary policy measures in controlling inflation in Nigeria»Problems and challenges facing finance houses in the Nigerian economy ( A case study of mortgage bank owerri )»The role of deposit money bank in Nigeria in economy development in Nigeria - a case study of Access Bank Plc»Motivation as a way of reducing fraud in banking industry ( A case study of UBA and Fidelity bank )»The impact of insurance industry on the economic growth of Nigeria (A case study of nicon and hallmark insurance companies 2005-2009)»Identification and management of bad debts in Nigeria commercial banks(A case study of UBA plc)»The contribution and effect of computer to modern day banking in Nigeria (A case study of zenith bank and first bank plc)»The use of accounting information in assessing control and performance in an organization (A case study of first bank of Nigeria owerri)