Page 47 - Banking Finance January 2019

B A

of the stressed accounts and re u ar on tor n of the an s n res ect of the r ncre enta end n to
restructured accounts B s and s after cto er h s fac t s
ava a e u to ece er urther the s n e
t s c ar f ed that accounts c ass f ed as A can e
orro er t for B s not f nanc n nfrastructure
restructured ho ever the e tant asset c ass f cat on
has een ncreased fro er cent to er cent of
nor s overn n restructur n of As cont nue to
ca ta funds t ece er
a
n order to further fac tate an s to end to B s and
As a enera ru e arr n the a ove one t e
s as nd cated a ove t has een dec ded to e tend
e ce t on an MSM account h ch s restructured
the aforesa d fac t es u to March
ust e do n raded to A u on restructur n and
s nto ro ress ve o er asset c ass f cat on and t a e noted that th effect fro A r
an s sha e u ded the nstruct ons conta ned n
h her rov s on n re u re ents as er e tant RA
c rcu ar BR o B B dated
nor s Such an account a e cons dered for
ece er n ter s of h ch an s e osures
u radat on to standard on f t de onstrates
to a s n e B sha e restr cted to ercent of
sat sfactor erfor ance dur n the s ec f ed er od
the r e e ca ta ase er ca ta
S ec f ed er od eans a er od of one ear fro the
co ence ent of the f rst a ent of nterest or
ours fa thfu
r nc a h chever s ater on the cred t fac t th
a ra i a
on est er od of orator u under the ter s of
h ef enera Mana er n har e
restructur n ac a e Sat sfactor erfor ance
eans no a ent nterest and or r nc a sha
nc ion o S S a inance an
re a n overdue for a er od of ore than da s n
case of cash cred t overdraft account sat sfactor i ite in t e Secon Sc e e o t e
erfor ance eans that the outstand n n the
Re erve an o n ia ct
account sha not e ore than the sanct oned t or
dra n o er h chever s o er for a er od of ore R
than da s
ece er
ours fa thfu
nc us on of SA S a nance Ban ted n the
a ra i a
Second Schedu e of the Reserve Ban of nd a Act
h ef enera Mana er n har e
e adv se that the SA S a nance Ban ted has
a e ra ewor on i i it een nc uded n the Second Schedu e to the Reserve Ban
of nd a Act v de ot f cat on BR B S B
Stan ar i i it overage Ratio
SA o dated ove er
R R again t cre it i r e to and u shed n the a ette of nd a art Sect on
dated ece er ece er
an
ours fa thfu
R
ra at
ece er
e ut enera Mana er
ease refer to our c rcu ar dated cto er on
the ca t oned su ject Saving a a e on
erationa i e ine
he an s have een er tted to rec on overn ent
secur t es as eve A under A R th n the R
andator S R re u re ent u to er cent of the ece er

AN N NAN | JANUARY | 2019 |