All Banks/DFIs
Dear
Sirs/Madam,
PRUDENTIAL
REGULATIONS
Please
refer to the Prudential Regulations issued vide BPD circular
No 35 of 2003.
2.
The following amendment may be noted in respect of Regulation
R-3 (Para 2) and Regulation R-8 (Para3) of Prudential Regulations
for Corporate and Commercial Banking and Prudential Regulations
for SMEs respectively;
“The banks/DFIs may also accept copy of financial
statements audited by a practicing Cost and Management Accountant
in case of a borrower other than a public company or a private
company which is a subsidiary of a public company“
3.
Other instructions on the subject will, however, remain
unchanged.