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Absolutely correct.
Trust is essential element of lending. Financial analysis and collateral are secondary aspects to lending. Collateral are taken as security precaution but lending should not be done in absence of trust
agree with the answers ..................................................
agree with ur answers
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Agree with Sai Animesh Kumar Nandivada
The time when TRUST is lost, all businesses collapse and the entire economy collapses. Co-ordination and co-operation along with TRUST play major role in performance of a business.
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