The Presidents/Chief Executives,
All Banks/DFIs
Dear
Sir/Madam,
Withdrawal
of Instructions for Reporting of
Classified Advances and Written Off Loans
Please
refer to BID Circular No.3 dated 20th February 1989, BID
Circular No.1 dated 6th April 1991 and BID Circular Letter
No.BID(W.O)/3869/702-18-90 dated 17th October 1990 on the
captioned subject.
In terms of said circulars, the banks are submitting borrower
wise statements of classified advances annually and borrower
wise details of written off loans quarterly as well as annually
to this department. The matter has been reviewed in view
of enhanced regulatory disclosure requirements, modifications
in prudential regulations and e-CIB reporting requirements
and it has been decided to withdraw the above circulars.
Accordingly, all the statements and returns required to
be submitted in compliance of the said circulars have also
been discontinued with immediate effect.
However,
the banks/DFIs will make sure that current instructions
regarding classification, provisioning and written off loan
cases are complied with.