Please refer to BRPD CIRCULAR NO. 14 DATED 23.09.2012 and attached CL formats on the captioned subject.
With a view to recognizing potential losses on loan pools of similar risks in a similar manner, following amendments have been made into the circular:
- Section 4.a)(4) of the circular will be replaced as under:
“Rate of provision on the outstanding amount of loans kept in the ‘Special Mention Account’ will be same as the rates stated in (1), (2), (3) of Section 4.a) which one is applicable. i.e. @ 0.25% against all unclassified loans of Small and Medium Enterprise (SME), @ 5% on the unclassified amount for Consumer Financing, @ 2% on the unclassified amount for Housing Finance, Loans for Professionals to set up business under Consumer Financing Scheme, Loans to Brokerage House, Merchant Banks, Stock dealers, etc. and @ 1% against all other unclassified loans.”
- CL-1 format will be replaced by the format attached herewith.
This circular will come into force with immediate effect and all other instructions as well as other CL formats attached with BRPD CIRCULAR NO. 14 DATED 23.09.2012 and BRPD CIRCULARS NO. 19 DATED 27.12.2012 will remain unchanged.
Please acknowledge receipt.
|Particulars||Short Term Agri. Credit||Consumer financing||SMEF||Loans to BHs/MBs/SDs||All other Credit|
|Other than HF, LP||HF||LP|