eCircular

Department: CREDIT POLICY AND

PROCEDURES DEPARTMENT
Sl.No.: 309/2021 - 22
Circular No.: CCO/CPPD-ADV/36/2021 - 22
Date: Fri 25 Jun 2021

The Chief General Manager

State Bank of India
LHOs/CAG/CCG/IBG/SARG

CPP/SS/ Dt. 25.06.2021

Madam / Dear Sir,

POST SANCTION FORMALITIES

POLICY LEVEL RELAXATIONS DURING COVID-19 SITUATION

In view the second wave of Covid-19, strict restrictions on intra-city as well as inter-
city movement being imposed by governments/ authorities by way of lock-downs. In
this connection, it is observed that the operating functionaries are confronting with
many challenges in observing several post-sanction formalities. Upon examination of
issues in the current context, it is felt that some relaxations are required to be put in
place to enable the operating functionaries to discharge their responsibilities
effectively.
Accordingly, the competent authority has approved the following post-sanction
relaxations:
Sl. Areas Proposed relaxation
No
.
i Periodic inspection of Waived for the period from March 2021 to June
Borrowing Units 2021.

However, in respect of SMA accounts, the

inspection may be carried out by duly observing
Covid protocols.
ii Obtention of Stock & Operating units are permitted to obtain signed and
Receivable Statement scanned copy of Stock & Receivable Statements
and SOD and Select Operational Data (SOD) through
registered email IDs of the authorised signatories of
borrowing units for the months from March 2021 to
September 2021.

1
iii Obtention of FFRs Operating units are permitted to obtain signed and
scanned copy of FFRs for March, June and
September 2021 from registered email IDs of the
authorised signatories of borrowing units.
iv Conduct of Stock & SRAs becoming due during the period March - June
Receivable Audit 2021, may be deferred but should be completed
(SRA) during the next 03 months period.

However, if warranted, Branch Head can take a call

on conduct of SRAs even during these periods after
ensuring compliance of Covid protocols.
v Review/ Renewal Signed and scanned papers/ data required for
papers review/ renewal may be obtained from registered
email IDs of the authorised signatories of borrowing
units.

Signed hard copies may be obtained subsequently

through post or in person for record purpose.
vi Conduct of Consortium Meetings falling due during March 2021
Consortium Meeting to September 2021 may be conducted virtually.
vii Obtention of ABS Time permitted till December 2021 for obtention of
2021 ABS 2021 without levying any penalty.

However, review/ renewals falling due upto

30.09.2021 may be carried out based on ABS 2020
with provisional as on 31.03.2021.

Operating units shall take note of the above instructions and act accordingly.

Yours faithfully,

For Deputy Managing Director &

Chief Credit Officer