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 - ఆర్బిఐ - 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) |
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భారతీయ రిజర్వ్ బ్యాంక్ మొబైల్ అప్లికేషన్ను ఇన్స్టాల్ చేయండి మరియు తాజా వార్తలకు త్వరిత యాక్సెస్ పొందండి!
