Ref. No. NB.DoR / 802 / PPS - 9 / 2018-19
18 June 2018
Circular No. 147 / DoR - 49 / 2018
The Chairman/ Managing Director
All Public Sector Scheduled Commercial Banks (Excluding RRBs)
Refinance Policy for schematic lending for F. Y. 2018-19 – Public Sector Scheduled Commercial Banks (Excluding RRBs)- Revision in Net NPA Norm
1. Please refer to our Circular No. 73/DoR – 19 / 2018 dated 11.04.2018 on refinance policy for schematic lending F.Y. 2018-19- Public Sector Scheduled Commercial Banks (Excluding RRBs). The Eligibility criteria in Para 4 point ii has been revised and shall be read as “Net NPAs not exceeding 9% of net loans and advances outstanding as on 31.03.2017. Further, the NPA position will be reckoned for the Bank as a whole.”
2. Other terms and condition as mentioned in the policy remains the same.
3. The Circular is also available on NABARD website www.nabard.org under the tab information centre.
3. Please acknowledge receipt.
(G R Chintala)
Chief General Manager