Please
refer to Regulation R-8, para 4 of the Prudential Regulations
for Small & Medium Enterprises Financing which requires
banks/DFIs to obtain Borrower’s Basic Fact Sheet
(BBFS) under seal and signature of the borrower on the
BBFS.
2.
In order to facilitate SME Financing and on the representation
of banks, it has been decided to withdraw requirement
of seal/stamp on the BBFS in respect of individual &
sole proprietorship borrowers.
3.
All other instructions on the subject shall remain unchanged.
Please
acknowledge receipt.