Please
refer to our BID (now BSD) Circu1ar No. 4/94 of 5th July,
1994regarding write off irrecoverable loans.
2.
In partial modification of instructions contained in the above
Circular, it has been decided that Board of Directors may
delegate the powers of write-off down the line with reasonable
pecuniary limits. However, cases written-off in exercise of
such powers should be presented in the subsequent meeting
of the Board for ratification
3.
Other instructions on the subject will however, remain unchanged.
Please acknowledge receipt .
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