Not only that any bank cannot sanction the loan to repay another loan which are going to be NPA. This was specifically restricted by the RBI. If any such cases with out that credit the account has to be analysed and if so made it NPA along with the fresh sanctioned account also as NPA. This is must.
On Tue, Apr 7, 2015 at 8:06 PM, 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
--Ch. Amar Sudheer
Chartered Accountant
Vijayawada
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Posted by: Amar Sudheer Chitta <sudheerchitta@gmail.com>
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