LARGE ADVANCES TO COMPANIES

Maximum limit : As per the NABARD - CMA exposer norms applicable, presently Rs.20 Crores.
Term: Maximum 15 yearly or monthly as decided by the sanctioning authority.
Purpose: As mentioned in the Companies Memorandum of agreement.
Security: Security will be obtained depending upon the type of business held. Should be sub-member of the bank. Should have registered under the companies act  as applicable time to time.