you are aware that collection and analysis of adequate information
on the prospective borrowers helps in expeditious credit processing,
minimizing the risk of default and effective monitoring after
disbursement of funds. In this context and with a view to
streamline the standardization of information regarding credit
processing, it has been decided that effective from April
01, 2001, no financing facility whether fund based or non-fund
based (including renewal and enhancement) shall be provided
by any Bank/ NBFI unless the Loan Application Form (LAF) prescribed
by a Bank/ NBFI is accompanied by a “Borrower’s Basic Fact
Sheet” as annexed. No financing facility shall be approved
unless and until the information requested in the Basic Fact
Sheet is provided by the borrower under his seal and signature.
to comply with these instructions will render the Bank/ NBFI
and official concerned liable to fines under the provisions
of Banking Companies Ordinance, 1962.