Register of Rejected Applications

A register should be maintained at branch wherein the date of receipt, sanction/rejection/ disbursement with reasons therefore etc., should be recorded. The register should be made available to all inspecting agencies.
1. Rejection of applications for fresh limits/enhancement of existing limits should not be done without the approval of the next higher authority.
2. Sanction of reduced limits should be reported to the next higher authority immediately with full details for review and confirmation.


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