Circulars/Notifications - Banking Policy & Regulations Department  
 BPRD Circular Letter No. 24 of 2008
September 06, 2008 

Chief Executives
All Banks / DFIs,


Dear Sir / Madam,

AMENDMENT IN REGULATION R-8, PARA 4
OF PRUDENTIAL REGULATIONS FOR SME FINANCING

Please refer to Regulation R-8, para 4 of the Prudential Regulations for Small & Medium Enterprises Financing which requires banks/DFIs to obtain Borrower’s Basic Fact Sheet (BBFS) under seal and signature of the borrower on the BBFS.

2. In order to facilitate SME Financing and on the representation of banks, it has been decided to withdraw requirement of seal/stamp on the BBFS in respect of individual & sole proprietorship borrowers.

3. All other instructions on the subject shall remain unchanged.

Please acknowledge receipt.


Yours truly,

Sd/-

(SYED IRFAN ALI)
Director

       
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