Advances Portfolio (Advances General Information)

13 May 2014

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Advances Portfolio

1. The Manager/Office should study the composition and distributive pattern of the credit portfolio of the branch and examine as to whether the branch has been following the guidelines enunciated in credit policy of RBI / Bank.
2. It should be seen as to whether the branch has proper infrastructure facilities and adequate arrangements for proper credit appraisal, post disbursement supervision and follow up of advances/problematic/stick, weak accounts, more particularly for recovery of non-performing advances/large over dues in these accounts. 
3. The manager should examine that is exercising the delegated sanctioning powers judiciously and there is proper and timely reporting of sanctions to the competent authorities. As far as possible the Branch Manager is expected to refrain from exceeding the delegated powers and it should be seen that in unavoidable cases confirmation is obtained from the competent authority at the earliest specifically giving the reasons as to why it was so necessary to extenad hoc/temporary/additional credit facility without obtaining prior sanction. 
4. It should be verified that the guideline on advance issued by RBI/HO from time to time are strictly followed by the branch. Lending Policy and Loan Review Policy is implemented in true spirit. 
5. The assets acquired by the borrowers are available as security for bank’s dues and the ranch is taking adequate and necessary timely steps to safeguard interest of the bank.

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Post Category : Advances General Information , Banking , Business , Core Banking System , Portfolio