Prudential Guidelines on Restructuring of Advances by select All-India Financial Institutions (AIFIs)
RBI/2010-11/234
DBOD.FID.FIC.No. /01.02.00 /2010-11
October 14, 2010
The CEOs of select All-India Term Lending and Refinancing Institutions
(Exim Bank, NABARD, NHB and SIDBI)
Dear Sir,
Prudential Guidelines on Restructuring of Advances
by select All-India Financial Institutions (AIFIs)
In continuation of our letter DBOD.No.FID.FIC.5 /01.02.00/2008-09 dated February 26, 2009 on the captioned subject, please find enclosed Circular DBOD No.BP.No. 49/ 21.04.132/2010-11 dated October 7, 2010 on `Prudential Guidelines on Restructuring of Advances by Banks' issued to scheduled commercial banks. In this connection, it is advised that these guidelines, shall apply mutatis mutandis to the select All-India Financial Institutions (AIFIs).
2. However, certain activities are generally not undertaken by FIs, such as extending working capital, overdrafts and personal loans, etc. The provision of the circular relating to such activities shall not be applicable to the AIFIs.
Please acknowledge receipt.
Yours faithfully,
(Vinay Baijal)
Chief General Manager
CAclubindia
Guest
Notification No : DBOD.FID.FIC.No. /01.02.00 /2010-11Published in Others