Please refer to BPD Circular No. 29 dated October 15, 2002 regarding guidelines on write-off of irrecoverable loans and advances.

2.         All the Banks/DFIs are advised to submit status of cases being settled under captioned guidelines on monthly basis to Banking Policy Department as per performa enclosed at Annexure-I. The first status report for the month ended on December 31, 2002 should be furnished by January 25, 2003 positively and thereafter within 7 days from the end of reporting month till the expiry of scheme.

3.         Please acknowledge receipt.

Encl: as above Annexure-1