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- The advances to be taken over should be rated A/SBH3/SBHTL3
or above. The unit should score at least 60% in financial
parameters.
- The account should have been a standard asset in the books
of another bank or financial institution during the preceding
three years.
- The unit should have earned net profits, post tax, in each
of the preceding three years.
- The term loan proposed to be taken over should not have
been rephased by the bank or financial institution after the
start of commercial production.
- The remaining period of scheduled repayment of the term
loan should be at least two years, and the repayment in future
after take over too should be according to the original or
existing schedule. Norms (4) and (5) above are not applicable
for take over of working capital advances.
Note:
- In the case of take-over proposals for advances below Rs.25
lakhs, a CRA rating should be conducted. You can use the simplified
risk-rating model.
- Take over of term loans from State Financial Corporations
is permitted.
- In the case of working capital finance through consortium
or multiple banking, increasing our share and joining a consortium
when a member bank exits the consortium is not considered
take-over of advances from other banks.
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