Sonali Gore

Credit Officer

Karnataka Bank Ltd

Mumbai

08.2013 - Current

Extensively headed credit portfolio of branch which includes complete credit solution, from analyzing financial need till disbursement
Prepared in-depth credit proposals for retail, MSME, and corporate clients, focusing on comprehensive balance sheet analysis and financial statement assessment
Specialized in working capital finance, interpreting financial ratios, liquidity, solvency, and profitability indicators to assess creditworthiness
Efficiently processed MSME Term loans for business expansions/ acquisition/New venture such as Machinery, Renovation, commercial vehicle, factory purchase, Bank Guarantees Etc
Comprehensive understanding of regulatory and compliance requirements in the banking sector, particularly in the mortgage domain
Proficient in creating mortgage underwriting, stamping, documentation, all types of loan agreements and legal and CGTMSE compliance
Monitored Early warning signals (EWS), periodical account reviews, QOS statements, Stock and Credit audit of Mid corporate borrowers, updating drawing power, updating Acknowledgement of debts (AOD), collateral revaluation, restructuring decisions, CERSAI data Updation, Property or stock insurance etc
Collaborated with clients to gather necessary documentation, resolve inquiries and providing insights into improving their financial health and balance sheets
Conducted credit assessments, including cash flow analysis, and credit bureau scoring, external rating to determine creditworthiness
Handled Statutory Audit and regular branch inspection, resolving queries of inspectors
Assisted for preparing monthly statements for submission to regulatory authority
Excellent communication and relationship management abilities
Prepared detailed reports summarizing customer profiles, risk assessments, and recommendations for approval and denial of new lines of credit.
Disseminated information regarding cash flow to appropriate stakeholders, enabling decisions for credit risk policy adjustments.
Led, structured and negotiated complex credit transactions and documentation to mitigate risk.
Collected and checked borrower income, credit history and employment information.
Assessed risks and application details for clients to compare data against standard loan approval and denial structures, minimizing risk and maximizing business returns.
Generated reports detailing key metrics such as delinquency rate, charge-off rate, and total exposures by portfolio segmentation.
Reviewed internal processes related to credit risk management and recommended improvements where necessary.
Actively monitored industry developments relating to consumer protection laws, regulations, best practices.
Developed comprehensive understanding of financial statements, enhancing opportunities to assess risk.
Monitored and maintained compliance with internal controls and government regulations.
Analyzed financial statements, credit reports, and other related documents to assess the creditworthiness of customers.