CRN

UCO BANK 96 / 2011-12

Head Office :
Retail Banking Department
10, B.T.M. Sarani (2nd Floor)
Kolkata - 700 001
(A Govt. of India Undertaking)
HONOURS YOUR TRUST
Circular No.
CHO/Retail Banking/06/2011-12
Dated : 01.07.2011

To All Branches / Offices in Indian Union :

Sub : Command Area : Modification in respect of acceptance

of immovable property as Primary Security outside the
respective Command Area only for financing under UCO
Home Loan Proposals.

Gist : Branch Heads in all scale & RLH head have been delegated with
the power to accept mortgage of landed property offered as
Primary Security outside the respective Command Area only for
financing under UCO Home Loan Proposals.
Action In view of above change all Branch Heads/RLH Heads
Point : are advised to take benefit of the delegated power to accept
landed property any where in India as primary security
to enhance our Home Loan portfolio.

As per extant guidelines of Banks Loan Policy Document, in case of

Scale-I, II & III branches, broad guideline of Command Area is one of the contact
point with the borrower i.e. either the factory/business premises or residence
should be within 20 Kms. radius with certain conditions & in case of Scale-IV &
above branches, Command Area would be city limits with additional power that
Scale-IV branches may accept collateral security anywhere in India irrespective
of distance only after verification of the security/title deeds etc., by the nearest
branch of the bank. As a result our branches were feeling handicapped in case
of Home Loan proposals where property mortgaged is primary security.

This issue has since been addressed and following modifications/changes have
been approved by the Competent Authority :

Branch Heads in all scales & RLH head have been delegated with the power to
accept mortgage of landed property offered as Primary Security outside
the respective Command Area only for financing under UCO Home Loan
Proposals.
 Branches and Offices are advised to make a careful note of above amend-
ments for compliance and implementation. Branches are also to note that
this modification stated above is approved only for Home Loan only and not for
any other loan. They are also advised to take advantage of this amendment to
canvass Home Loan proposals.

[ C. P. Gupta ]
General Manager
[ Retail Banking & Corporate Communication ]

WE SHALL MAKE UCO A TOP CLASS BANK

CLARION PRINTING
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