Delegation of adequate powers to the Bank Managers for sanctioning loans without referring to higher authorities and following of the procedure for calculating interest on loans excluding subsidy amount under SGSY Scheme - ആർബിഐ - Reserve Bank of India
Delegation of adequate powers to the Bank Managers for sanctioning loans without referring to higher authorities and following of the procedure for calculating interest on loans excluding subsidy amount under SGSY Scheme
| RBI /2006-07/ 126 September 14, 2006
The Chairman and Managing Director Dear Sir, Delegation of adequate powers to the Bank Managers for sanctioning loans without referring to higher authorities and following of the procedure for calculating interest on loans excluding subsidy amount under SGSY Scheme.
It has been brought to our notice by Ministry of Rural Development GOI, New Delhi that some banks are charging interest on the full loan amount without excluding subsidy amount given by the Government. In this connection, we advise that as per extant guidelines banks should not charge/ calculate the interest on the subsidy amount. You are therefore, advised to instruct the concerned branch officials to follow the correct procedure for calculating interest on loan amounts. 2. Please acknowledge the receipt, and advise us the action taken in this regard. Yours faithfully, (G.Srinivasan) |
ഈ പേജ് ഷെയർ ചെയ്യുക:
റിസർവ് ബാങ്ക് ഓഫ് ഇന്ത്യ മൊബൈൽ ആപ്ലിക്കേഷൻ ഇൻസ്റ്റാൾ ചെയ്ത് ഏറ്റവും പുതിയ വാർത്തകളിലേക്ക് വേഗത്തിലുള്ള ആക്സസ് നേടുക!
