Please refer to instructions regarding Unquoted Securities contained in Para 5, of Regulation R-8 of Prudential Regulations for Corporate / Commercial banking.

2- It has been decided to amend the instructions as under:

Un-quoted Securities:

PTCs and TFCs will be classified on the evaluation / inspection date on the basis of default in their repayment in line with the criteria prescribed for classification of medium and long-term facilities. Unquoted shares will be carried at the cost. However, in cases where the break up value of such shares is less than the cost, the difference of the cost and break up value will be classified as loss and provided for accordingly by charging to the Profit and Loss account of the bank / DFI.

3- Please acknowledge receipt.