MANAGEMENT

Detailed explanation-1: -4.2 UCBs shall have at least 50 per cent of their loan portfolio comprising loans of not more than ₹25 lakh per borrower/party. Notwithstanding this, UCBs shall adhere to the exposure limits stipulated at para 4.1 above.

Detailed explanation-2: -Banks should subject the title deeds and other documents in respect of all credit exposures of Rs. 5 crore and above to periodic legal audit and re-verification of title deeds with relevant authorities as part of regular audit exercise till the loan stands fully repaid, the RBI said in a notification on Friday.

Detailed explanation-3: -a. Consistent with national interest, the total amount of loans, credit accommodations and guarantees that may be extended by a bank to any person, partnership, association, corporation or other entity shall at no time exceed twenty-five percent (25%) of the net worth of such bank.

Detailed explanation-4: -The Reserve Bank on Friday directed large cooperative banks to report all exposures of Rs 5 crore and more to the Central Repository of Information on Large Credits (CRILC), a move aimed at early recognition of financial distress.