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Review and Classification of Loans
Effective from 2020-11-09 - Nov 08 2020
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35. | Every DTFC shall review, classify and appropriately make provisions for its loan portfolio at least once every three months. | |
36. | Every DTFC shall classify loans and advances in the manner set out in Appendix C to these Regulations. | |
37. | Where a DTFC has granted multiple loans to a single borrower, and any one of such loans is nonperforming, the DTFC shall evaluate every other loan to that borrower and place such loans on non-performing status accordingly. |