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.

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