Timely Disposal of Credit Applications
Sanction of Facilities:
The Bank will endeavor to dispose all credit applications by its operational units in respect of various discretionary authorities as under:
Sr
Category / Sector
Maximum time
limit for sanction
A
Proposals under Anti-Poverty Programmes / Government sponsored Schemes
30 days
B
Proposals from SSI & Other priority sectors with limits of less than Rs 10 lakh
C
Proposals under Retail Banking Schemes
D
Proposals for Export Finance
(i)
Proposals for sanction of fresh/enhancement of credit limits.
45 days
(ii)
Proposals for renewal of existing limits
(iii)
Proposals for sanction of ad-hoc credit facilities
15 days
E
In all other cases:
Proposals for sanction of fresh/ enhancement of credit limits.
60 days