Circulars/Notifications - Banking Inspection Department  
 BID Circular No. 3 /2000
Octobar 13, 2000  


All Banks
Dear Sirs / Madam,

 

CLASSIFICATION OF SEASON & PRODUCTION

LOANS FOR AGRICULTUR

Please refer to Annexure-C of BID Circular No.3 of 1989 regarding Guidelines for classification of Seasonal Advances. It is advised that agricultural seasonal & production loans shall be treated at par with short-term commercial loan for the purpose of classification. Accordingly classification & provisioning requirements relating thereto may be made as per criteria laid down in Prudential Regulation-VIII for short-term loans. However, banks should continue to report party-wise details of such classified loans on Performa No.9 to 12 in their annual return of loan classification being submitted to Banking Inspection Department.

Please acknowledge receipt

Yours faithfully,
(Muhammad Altaf)
Director
       
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