In october 1996, various regulatory prescriptions regarding conduct of consortium / multiple banking / syndicate arrangements were withdrawn by reserve bank of india with a. Banks are advised to use the revised formats with immediate effect. As you are aware, various regulatory prescriptions regarding conduct of consortium / multiple banking / syndicate arrangements were withdrawn by reserve bank of.
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In case of a prospective customer who is a corporate or large borrower enjoying credit facilities from more than one bank, the banks may inform the consortium leader, if under. Banks are advised to use revised formats for information exchange between banks on borrowers with multiple banking arrangements. Diligence report for banks introduction the reserve bank of india vide its circular no.
The formats include details of existing credit facilities,.
The document outlines the minimum information that borrowing entities must declare to banks when seeking finance under a multiple banking arrangement.
