As far as I know and understand, T O D can be granted maximum 10 % of the value at the discretion of manager and also authority. Not any case more than written in Manual. But at the same time as written in message , it should be also seen that what is the reply from Higher Authority , when it is said that intimated to Higher Authority??!!!
Shah D J
On Tuesday, 7 April 2015 9:36 AM, "SOUMYA JYOTI mitra sjmrng29@yahoo.co.in [aaykarbhavan]" <aaykarbhavan@yahoogroups.com> wrote:
TOD can be sanctioned maximum 2 times for a maximum period of 3 months each. It can be misused to save the account from being NPA , if the account transaction is clearly showing weakness in repayment , year end TOD cannot save the account from being NPA. More over each time TOD must be supported by a request letter for TOD from borrower.On Tuesday, 7 April 2015 7:41 PM, "Amar Sudheer Chitta sudheerchitta@gmail.com [aaykarbhavan]" <aaykarbhavan@yahoogroups.com> wrote:
That process is not correct. You have to make them NPA and MOC has to
be raised.
On 4/7/15, sanpuff@yahoo.co.in [aaykarbhavan]
<aaykarbhavan@yahoogroups.com> wrote:
> Friends right we are in the bank. The mgr has sanctioned TOD's in various
> C/C accounts under information to the RO and treated all such accounts as
> regular. Is this procedure correct. All this in four to five big accounts.
> Pl guide as to how to go about it.
> Thanks and regards
> Sanjay Khanduja
> 09335152447
>
>
> Sent from my iPhone
>
--
Ch. Amar Sudheer
Chartered Accountant
Vijayawada
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Posted by: Dipak Shah <djshah1944@yahoo.com>
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