Page 46 - Banking Finance January 2019

B A

I CI CULA

Micro S a an Me i nter ri e of necessar a ree ents et een enders and
orro er creat on of secur t char e
MSM ector Re tr ct ring o
erfect on of secur t es are co eted a
vance enders and
R the ne ca ta structure and or chan es n
the ter s and cond t ons of the e st n oans
u r
et du ref ected n the oo s of a the
ease refer to the c rcu ars BR o B B enders and the orro er
dated e ruar and
v A rov s on of n add t on to the rov s ons
BR o B B dated une
a read he d sha e ade n res ect of accounts
n th s re ard th a v e to fac tate
restructured under these nstruct ons Ban s
ean n fu restructur n of MSM accounts MSM as
ho ever have the o t on of revers n such
def ned n the M cro S a and Med u nter r ses
rov s ons at the end of the s ec f ed er od su ject
eve o ent MSM Act that have eco e
to the account de onstrat n sat sfactor
stressed t has een dec ded to er t a one t e
erfor ance dur n the s ec f ed er od as def ned
restructur n of e st n oans to MSM s c ass f ed as
at ara ra h e o
standard thout a do n rade n the asset
v ost restructur n A c ass f cat on of these
c ass f cat on su ject to the fo o n cond t ons
accounts sha e as er the e tant RA nor s
he a re ate e osure nc ud n non fund ased
fac t es of an s and B s to the orro er does v Ban s and B s sha a e a ro r ate
not e ceed on as on anuar d sc osures n the r f nanc a state ents under
otes on Accounts re at n to the MSM
he orro er s account s n defau t ut s a
accounts restructured under these nstruct ons as
standard asset as on anuar and
er the fo o n for at
cont nues to e c ass f ed as a standard asset t
the date of e entat on of the restructur n o o acco nt re tr ct re o nt R in i ion
he orro n ent t s S re stered on the date
of e entat on of the restructur n o ever
v A other nstruct ons a ca e to restructur n of
th s cond t on not a to MSM s that are
oans to MSM orro ers sha cont nue to e
e e t fro S re strat on
a ca e
v he restructur n of the orro er account s
Ban s and B s des rous of ado t n th s sche e sha
e ented on or efore March A
ut n ace a Board a roved o c on restructur n
restructur n ou d e treated as e ented f
of MSM advances under these nstruct ons th n a
the fo o n cond t ons are et
onth fro the date of th s c rcu ar he o c sha
a a re ated docu entat on nc ud n e ecut on nter a a nc ude fra e or for v a t assess ent

| 2019 | JANUARY | AN N NAN