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    Letter To Branch

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    color9.bd
    The document discusses renewing a client's composite investment limit. It notes poor performance in non-funded business and revolving limits. It instructs adjusting overdue amounts and obtaining sufficient collateral security to secure the investment.

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    Letter To Branch

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    color9.bd
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    The document discusses renewing a client's composite investment limit. It notes poor performance in non-funded business and revolving limits. It instructs adjusting overdue amounts and obtaining sufficient collateral security to secure the investment.

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    Letter to Branch (22)

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    The document discusses renewing a client's composite investment limit. It notes poor performance in non-funded business and revolving limits. It instructs adjusting overdue amounts and obtaining sufficient collateral security to secure the investment.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    8 views2 pages

    Letter To Branch

    Uploaded by

    color9.bd
    The document discusses renewing a client's composite investment limit. It notes poor performance in non-funded business and revolving limits. It instructs adjusting overdue amounts and obtaining sufficient collateral security to secure the investment.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 2

    Investment Risk Management Division (IRMD)

    Head Office, Dhaka.

    Ref: SIBL/HO/IRMD/2018/1999
    Date: 25.04.2018

    The EVP & Manager


    Social Islami Bank Limited
    Principal Branch, Dhaka.

    Subject: Proposal for renewal of composite investment limit of Tk.5450.00 Lac [LC/BBLC Tk.4500.00 Lac + Baim(com)
    Tk.950.00 Lac] for further 01(one) year on revolving basis up to 30.04.2018 A/C: Adury Knit Composite Ltd.

    Muhtaram,
    Assalamu Alaikum Wa Rahmatullah.

    Please refer to your proposal ref: SIBL/PB/RMD/2018/4220 dated 09.04.2018 as well as our letter ref: SIBL/HO/IRMD/2018/1892
    dated 18.04.2018 on the captioned subject. In this regard we would like to inform you that on the basis of Branch and Investment
    Committee recommendation, the proposal was placed before the Management whereas the Management of our Bank instructed to
    advice you the following:

    i) You are hereby advised to fully adjust entire liability of the client immediately.
    Or
    ii) You are advised to obtain sufficient collateral security acceptable to our Bank to cover the investment limit.

    Management also observed that performance of the client in terms of nun-funded business and revolving of Baim(Com) limit is
    poor. Branch has failed to procure non- funded business from the client. As such, you are advised to procure more non-funded
    business from the client in future if the client offer sufficient collateral security.

    In view of the above, we would request you to comply the instruction of the Head Office Management as stated above
    meticulously and intimate us accordingly.

    Please treat the Matter as most urgent.

    Ma-assalam.
    Sincerely yours,

    (A M Saleh Uddin Kutubi) (Ziauddin Sawlet Ghani)


    Vice President SEVP & Head of IRMD

    1|Page
    Investment Risk Management Division (IRMD)
    Head Office, Dhaka.

    Ref: SIBL/HO/IRMD/2018/1892
    Date: 18.04.2018

    The EVP & Manager


    Social Islami Bank Limited
    Principal Branch, Dhaka.

    Subject: Proposal for renewal of composite investment limit of Tk.5450.00 Lac [LC/BBLC Tk.4500.00 Lac + Baim(com)
    Tk.950.00 Lac] for further 01(one) year on revolving basis up to 30.04.2018 A/C: Adury Knit Composite Ltd.

    Muhtaram,
    Assalamu Alaikum Wa Rahmatullah.

    Please refer to your proposal ref: SIBL/PB/RMD/2018/4220 dated 09.04.2018 on the captioned subject. In this regard we would
    like to inform you that after scrutiny the subject noted proposal was placed before the Investment Committee meeting held on
    17.04.2018. After threadbare discussion, the Committee instructed us to advice you the following:
    iii) As per Head Office instruction letter ref: SIBL/HO/IRMD/2018/712 dated 18.02.2018 issued by IRMD, validity for each
    Baim(com) deals is maximum 180 days from the date of disbursement. It is observed that as on 17.04.2018 02(two) Baim
    (Com) deals for Tk.69.57 lac become overdue. Ageing of overdue Baim(Com) deals range from 230 days to 250
    days from the date of disbursement. As such, the committee instructed to advise you for adjustment of entire
    overdue Baim(Com) liability and regularize the account within 31st May, 2018 under intimation to us.

    iv) There is no collateral security against the existing composite investment limit availed by the client. As such the
    Investment Committee instructed to approach the client for offering sufficient collateral security acceptable to our Bank to
    secure the investment.

    In view of the above we would request you to comply the above noted decision of Investment Committee meticulously.

    Please treat the Matter as most urgent.

    Ma-assalam.
    Sincerely yours,

    (A M Saleh Uddin Kutubi) (Ziauddin Sawlet Ghani)


    Vice President SEVP & Head of IRMD

    2|Page

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