strict compliance

Guidelines for consideration of proposals for authorized operations by the BoA

It has been noted that developers/co-developers have been seeking permission of the BoA for carrying out such authorized operations, which are already covered in the default list of authorized operations, the powers for which have already been delegated to the DC’s/UAC’s. This results in the waste of precious time of the BoA.
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RBI issued circular on providing Collateral Free loans to Micro and Small Enterprises(MSEs)

Collateral Free loans – Micro and Small Enterprises(MSEs) Please refer to our circular RPCD.SME&NFS. BC No. 84A /06.02.31(P)  /2008-09 dated January 20, 2009 regarding extending collateral free loans upto Rs. 5 lakh sanctioned to the units of MSE sector (both manufacturing and service enterprises) as defined under  MSMED Act, 2006. We have received enquiries as [...]
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