Please refer to BPRD Circular Letter No.27
dated June 22, 1999 on the captioned subject.
In partial modification of the instructions contained in the
aforesaid Circular Letter it has been decided to reduce the
period, during which the classification and provisioning of
loan/advance remain unchanged, from two years to one year
(excluding grace period, if any) from the date of such rescheduling/restructuring.
Other instructions on the subject shall, however, remain unchanged.
Please acknowledge receipt.
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