Supervision And Follow up
The Manager/Officer should verify that –
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The Manager/Officer should verify that –
1.The terms and conditions of sanction have been complied with and in case of non compliance the permission of competent authority has been obtained before disbursement/release of credit facilities.
2.That pre-sanction, pre-disbursement and pos—disbursement visit reports are held on record.
3.That stock statements / QIS / cash flow / fund flow data / monthly cash budget etc. are received regularly, examined and followed up.
4.That in house credit monitors / credit officers have been appointed, their visit reports are received and followed up.
5.That outside credit monitors wherever appointed are submitting reports as per terms of appointment. Such reports received are scrutinized and followed up for rectification.
6.That periodical review of the credit facilities is taken on the basis of audited financial data.
7.That the operations in the account are monitored property.
8.That availment of bills facilities and non fund facilities is satisfactory. There are no accommodative nature of transaction and double finance is not there.
9.That proper charge is created and registered on the securities charged to the bank. Such securities are verified periodically and finding are recorded and followed up. The securities are adequately insured and the insurance policy contains the banks clause and is renewed regularly.
10.That there is proper monitoring of the accounts on the basis of asset classification norms. The reasons for downward trend are critically examined, reported to the competent authority for corrective measures.
11.That suit filed & decreed accounts are followed up & track of securities charged to the bank is kept.
12.That the advance has been properly covered under guarantee cover wherever so required (ECGC etc.)
13.That temporary facilities allowed are properly secured/reported/monitored and regularized by recovery.
14.That the consortium meetings are regularly held and there is exchange of information among the members of the consortium / syndicate.
2.That pre-sanction, pre-disbursement and pos—disbursement visit reports are held on record.
3.That stock statements / QIS / cash flow / fund flow data / monthly cash budget etc. are received regularly, examined and followed up.
4.That in house credit monitors / credit officers have been appointed, their visit reports are received and followed up.
5.That outside credit monitors wherever appointed are submitting reports as per terms of appointment. Such reports received are scrutinized and followed up for rectification.
6.That periodical review of the credit facilities is taken on the basis of audited financial data.
7.That the operations in the account are monitored property.
8.That availment of bills facilities and non fund facilities is satisfactory. There are no accommodative nature of transaction and double finance is not there.
9.That proper charge is created and registered on the securities charged to the bank. Such securities are verified periodically and finding are recorded and followed up. The securities are adequately insured and the insurance policy contains the banks clause and is renewed regularly.
10.That there is proper monitoring of the accounts on the basis of asset classification norms. The reasons for downward trend are critically examined, reported to the competent authority for corrective measures.
11.That suit filed & decreed accounts are followed up & track of securities charged to the bank is kept.
12.That the advance has been properly covered under guarantee cover wherever so required (ECGC etc.)
13.That temporary facilities allowed are properly secured/reported/monitored and regularized by recovery.
14.That the consortium meetings are regularly held and there is exchange of information among the members of the consortium / syndicate.
Note:All content is copyrighted to http://sm-information.blogspot.com and may not be reproduced on other websites.
If you have any question regarding this websites or any other post related you can Email us.
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