i) No loan shall be granted to a Non-Member of bank.
ii) No loan shall be granted to a member who had been persistent defaulters as borrower till expiry of six months from the date of clearance of loan.
iii) No loan shall be granted to a person against whom an award has been passed as a borrower till expiry of one year from the date of clearance of entire loan.
iv) No loan shall be granted to a person against whom loan has been recovered after execution proceedings.
v) No loan shall be granted in excess of the maximum credit limit as provided here-in before or here-in-after.
vi) No loan shall be granted unless the borrowers and the sureties appear in person before the Chief Executive Officer of bank or any other officer authorised on his behalf to sign the loan documents and unless full identification is done from the bank records or other identification documents in possession of the applicant and the sureties.
vii) No loan to the Directors or their relatives or firms or companies in which he/she is interested shall be considered as per RBI guideline.
