Timelines for Commercial/Corporate Advances

The Bank shall follow the following time norms for disposal of credit proposals

S. No Type of loan Time Limit
1 Loans Upto Rs.25,000/- Within 15 days
2 Micro, Small and Medium Enterprises (MSME)
  1. Sanction of fresh / enhanced credit limits
  • Loans upto Rs.5 Lakh
  • Loans above Rs.5 Lakh upto Rs.25 Lakh
  • Loans above Rs.25 Lakh
  1. Renewal of existing credit limits
  1. Sanction of adhoc credit limits

  • Within 2 weeks
  • Within 3 weeks
  • Within 6 weeks
  • Within 2 weeks

  • Within 7 days
3 Advances under Sole Banking, Multiple Banking Arrangement and Consortium
  1. Sanction of fresh / enhanced credit limits
  2. Renewal of existing credit limits
  3. Sanction of adhoc credit limits

  • Within 30 days
  • Within 20 days
  • Within 10 days
4 Export Credit
  1. Sanction of fresh / enhanced credit limits
  2. Renewal of existing credit limits
  3. Adhoc credit limits

  • Within 20 days
  • Within 10 days
  • Within 7 days

The time limit shall be reckoned from the date on which all clarifications / submission of all information required for processing the loan proposals are received by respective sanctioning authorities.

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