- Amount of Earnest money-
| Loan Amount/value |
E.M. required |
| (Rs. in lakh) |
(Rupees) |
Upto Rs. 2 lakh |
10,000/- |
Above Rs. 2 to 5 lakh |
25,000/- |
Rs. 5 to 10 lakh |
50,000/- |
Rs. 10 to 50 lakh |
1,00,000/- |
Rs. 50 to 100lakh |
2,50,000/ |
Above Rs.100 lakh |
lakh 5,00,000/- |
|
The Earnest Money may continue to be taken as existing.
However, in a few cases it has been observed that due to
sale of part assets/machines the loan amount in respect of
assets/ land /building available for sale remains quite less
and does not commensurate with that of total loan of the
project. In such cases the earnest money may be taken according to value of assets to be sold. |
a) Cases upto Disb. amt. Rs. 50.00 lakh
b) In all other cases including Jt. Finance cases |
Regional Negotiation committee (RNC).
HO
Negotiation Committee. |
RM/Sr. most Tech./Fin. Officer, Law Officer, I/c Rec. RM / I/c Zone of HO may preside.
AGM/ all I/c Zone, CM(F) and CM (P&M)
AGM/ GM/ MD may preside. |
No Change
No Change |
No Change
No Change |
No Change
All I/c Zones, I/c RMA, I/c P&M, I/c Legal. MD shall preside. |
- Disbursed loan upto Rs. 5.00 lakh and RRV covered.
- Disbursed loan between Rs. 5.00 lakh to Rs. 10.00 lakh and RRV is covered.
- Disbursed loan between Rs. 10.00 lakh to Rs. 25.00 lakh and RRV is covered.
- Disbursed loan between Rs. 25.00 lakh to Rs. 100.00 lakh and RRV is covered.
- All other cases including Jt. Financing which do not fall in the above category.
|
Regional Manager concerned.
Asstt. General Manager
Dy. General Manager
Managing Director
Settlement Committee |
No change
I/c of respective Zone
I./c of respective Zone
No Change
No Change
|
