Timelines for Commercial/Corporate Advances
The Bank shall follow the following time norms for disposal of credit proposals
|S. No||Type of loan||Time Limit|
|1||Loans Upto Rs.25,000/-||Within 15 days|
|2|| Micro, Small and Medium Enterprises (MSME) || |
|3|| Advances under Sole Banking, Multiple Banking Arrangement and Consortium || |
|4|| Export Credit || |
The time limit shall be reckoned from the date on which all clarifications / submission of all information required for processing the loan proposals are received by respective sanctioning authorities.