Timeline of Credit Proposal

 

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

30 days

C

Proposals under Retail Banking Schemes

30 days

D

Proposals for Export Finance

 

(i)

Proposals for sanction of fresh/enhancement of credit limits.

45 days

(ii)

Proposals for renewal of existing limits

30 days

(iii)

Proposals for sanction of ad-hoc credit facilities

15 days

E

In all other cases:

 

(i)

Proposals for sanction of fresh/ enhancement of credit limits.

60 days

(ii)

Proposals for renewal of existing limits

45 days

(iii)

Proposals for sanction of ad-hoc credit facilities

30 days