SOTS Cir 40 of 2023

शस्त्र प्रभाग, प्रधान कार्ाालर्,
प्लाट न. – 4, सेक्टर – 10, द्वारका, नई दिल्ली - 110075

SASTRA DIVISION, HEAD OFFICE
PLOT NO.4, SECTOR-10, DWARKA, NEW DELHI-110075
TO ALL OFFICES Date: 01-07-2023
SASTRA DIVISION CIRCULAR NO. 40/2023
NON-DISCRIMINATORY AND NON-DISCRETIONARY SPECIAL OTS SCHEME

FY 2023-24 - FOR NPA ACCOUNTS UPTO Rs. 5.00 CRORES
Bank has a Board approved policy on Compromise/Negotiated Settlement/Write off/

Waiver of Legal Action etc., which has been circulated as part of “Policy for Recovery
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& Management of NPA” vide SASTRA Division Circulars from time to time.
In order to reduce the mounting NPA accounts in the very small to small segment
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categories, a Non-Discriminatory and Non-Discretionary Special OTS Scheme FY
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2023-24 - For NPA accounts upto Rs. 5.00 Crores as on 31.03.2023 was approved
by the Board in its meeting held on 28.06.2023 vide Item No. T3-5.
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The scheme will be applicable w.e.f. 01st July 2023 and remain in force upto 31st
March 2024. Further, All Sub-Standard NPA Accounts & Agriculture NPA
Accounts upto Rs. 10 Lakhs under DB-I category will not eligible in this Special
OTS Scheme.
5
The Non-Discriminatory and Non-Discretionary Special OTS Scheme FY 2023-24 -

For NPA accounts upto Rs. 5.00 Crores is stipulated in the Annexure-I attached for
meticulous compliance. All the field functionaries are advised to take note of this and
make the best use for resolution of eligible NPAs.
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All inspecting officials are advised to note the guidelines to ensure the compliance of
the guidelines. Cases of non-compliance of the guidelines to be flagged/reported to
the competent authority for taking further action in the matter.
Chief General Manager

(Rakesh Grover)
Page 1 of 13
SASTRA Division Circular No. 40/2023: Non-Discriminatory and Non-Discretionary Special OTS
Scheme FY 2023-24 - For NPA accounts upto Rs. 5.00 Crores
“Confidential - Strictly for internal circulation only”
पंजाब नैशनल बैंक
शस्त्र प्रभाग, प्रधान कार्ाालर्
PUNJAB NATIONAL BANK
Annexure-I
NON DISCRIMINATORY AND NON-DISCRETIONARY SPECIAL OTS SCHEME

FY 2023-24 - FOR NPA ACCOUNTS UPTO Rs 5.00 CRORE
1. Nomenclature: Non-Discriminatory and Non-Discretionary Special OTS Scheme

FY 2023-24 - For NPA Accounts upto Rs 5.00 crore.
2. Salient Features & Eligibility Criteria
2.1 The scheme will be applicable w.e.f. 01st July 2023 and remain in force upto 31st
March 2024.
2.2 Scheme is Non-Discriminatory and Non-Discretionary in nature.
2.3 Eligibility to be determined as per IRAC status of the account as on 31.03.2023
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and balance outstanding as on 31.03.2023.
2.4 NPA accounts under Doubtful- I, Doubtful-II, Doubtful III, Loss category
(including Technical Write-off accounts & excluding cases not eligible to be
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covered under the scheme mentioned at S. No. 2.6) with principal outstanding
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(also termed as balance outstanding) up to Rs. 5.00 crore as on 31.03.2023 shall

be eligible under this Scheme.
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2.5 The eligible accounts shall also include the following:
(i) Cases pending before Courts / DRTs. However, consent terms with default
clause will have to be filed before Presiding Officer of Court/ DRT for
5
obtaining consent decree.

(ii) Cases where Bank has initiated action under Securitization and
Reconstruction of Financial Assets and Enforcement of Security Interest Act
(SARFAESI-2002).
(iii) Eligible accounts referred for Revenue Recovery action under State
19
Recovery Laws, subject to requisite charges, if any payable, being recovered

separately and remitted to the State Authorities.
(iv) Cases where OTS was earlier approved but not implemented and has
already been declared failed on or before 31.03.2023.
(v) Accounts under Consortium or Multiple Banking Arrangements.
(vi) Units where rehabilitation / restructuring have failed as on 31.03.2023.
2.6 Cases not eligible to be covered under the Scheme
(i) All Sub-Standard NPA Accounts are not eligible under this scheme.
(ii) Fraud (RBI Reported)/Wilful Default/Criminal Action Cases.
(iii) Central Govt. /State Govt. guaranteed accounts.
(iv) Units under rehabilitation/restructuring (Already approved and under
implementation).
(v) Cases admitted in NCLT under Insolvency and Bankruptcy Code, 2016.
Page 2 of 13
(vi) Loan against Gold/Jewellery and other liquid securities e.g. LIC/NSCs/ KVPs,
etc.
(vii) Staff Accounts
(viii) NPA accounts where bank has already entered into a compromise/
settlement and settlement is in force as on 31.03.2023.
(ix) Agriculture NPA accounts upto Rs. 10.00 Lakhs under DB-I category will
not be covered under this scheme and will continue to be considered for
OTS as per General OTS Scheme circulated by SASTRA Division.
(x) OTS in actual written off accounts will not be covered in this scheme
and OTS in such cases shall be considered as per “Special guidelines for
OTS in Written off Accounts” as per General OTS Scheme circulated by
SASTRA Division. However, TWO (Technically Write Off) accounts will be
covered in the scheme.
(xi) All the NPA Accounts having Balance Outstanding above Rs. 50.00 lakh
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upto Rs. 5.00 Crore as on 31.03.2023, where Market value of Securities
is more than 125% of Balance Outstanding as on date of receipt of
proposal, such cases shall not be covered under this Special OTS
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Scheme and shall be dealt as per guidelines mentioned in the Policy on
Recovery & Management of NPA.
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3. Sanctioning Authority
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The competent authority for approval of OTS proposals under different categories
of balance outstanding are as under:
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S. Category (Balance O/s as on Sanctioning Authority

No. 31.03.2023)
1 Upto Rs.10 lakh Branch Head*
2 a. Above Rs 10 lakh upto Rs 1 crore Circle SASTRA Committee
(CSCO) headed by CM as
Circle SASTRA Head
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3 b. Above Rs 10 lakh to Rs 2 crore Circle SASTRA Committee

(CSCO) headed by AGM as
Circle SASTRA Head
4 c. (i) Above Rs 1.00 crore and upto Rs Zonal SASTRA Committee
5.00 crores (For circles where Circle (ZSCO) headed by AGM/DGM/
SASTRA Head is Chief Manager) GM as Zonal SASTRA Head**
d. (ii) Above Rs 2.00 crores and upto Rs
5.00 crores (For circles where Circle
SASTRA Head is Assistant General
Manager)
*However, in those cases where loan sanctioning authority and OTS Sanctioning
Authority, i.e., Branch Head is the same person, such cases shall be considered
by next higher competent committee, i.e., Circle Office Compromise Committee
(COCC).
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** In case of Zonal SASTRA Centres, where Chief Manager is discharging the

duties as Zonal SASTRA Head, Sanctioning authority will be Zonal Office
Compromise Committee (ZOCC).
Note:
(i) In respect of eligible Quick Mortality cases having balance outstanding upto Rs. 3
Cr, such cases shall be considered by ZOCC (Zonal Office Compromise
Committee).
(ii) In respect of eligible Quick Mortality cases having balance outstanding more than
Rs. 3 Cr and upto Rs. 5 Cr, such cases shall be considered by HOCAC-I.
4. Settlement Amount
For Eligible Doubtful & Loss NPA Accounts
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(1) For Non-Agri NPA Accounts with balance o/s upto Rs. 1.00 lakh
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IRAC Classification as on
10 OTS amount (% of balance
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31.03.2023 outstanding as on date of receipt of
OTS Proposal)
DB-I 50%
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DB-II 40%
DB-III /Loss 25%
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(2) For Agriculture NPA Accounts with balance o/s upto Rs. 10.00 Lakhs under
DB-II, DB-III & Loss Category
IRAC OTS Amount (% of balance outstanding as on date

Classification as of receipt of OTS Proposal)
19
on 31.03.2023 For Agriculture NPA For Agriculture NPA

Accounts upto Rs. 1 Accounts above Rs. 1 Lakh
Lakh & upto Rs. 10 Lakhs
DB-II 35% 40%
DB-III/Loss 15% 20%
(3) For MUDRA NPA Accounts under DB-III & Loss category having CGFMU
coverage
Category of Mudra Loan under DB-III OTS amount (% of balance

& Loss (as on 31.03.2023) having outstanding as on date of
CGFMU coverage receipt of OTS Proposal)
Shishu (Loan upto Rs. 50,000) 20%
Page 4 of 13
Kishor (Loan above Rs. 50,000 and upto 30%

Rs. 5.00 Lakhs)
AND
Tarun (Loan above Rs. 5.00 Lakhs and
upto Rs. 10.00 Lakhs)
Note: Claim received from CGFMU & credited in the loan account is not to be
added back in the balance outstanding, while computing OTS amount.
(4) For eligible accounts with Balance o/s above Rs 1.00 lakh and upto Rs. 50.00
Lakhs
S. Security Coverage OTS amount (% of balance outstanding as

No. (MV) on date of receipt of OTS Proposal)
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Balance >1 lakhs Balance >20 lakhs – 50
upto 20 lakhs as on lakhs as on 31.03.2023
31.03.2023
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1. Below 10%
10 25% 40%
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2. 10% to 50% 45% 55%

3. Above 50% to 75% 60% 70%
4. Above 75% to 70% 75%
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100%
5. Above 100% 75% 80%
(5) For eligible accounts with Balance o/s above Rs. 50.00 Lakhs and upto Rs.
5
5.00 Cr as on 31.03.2023
S. IRAC Classification *OTS Amount for OTS Amount for

No. as on 31.03.2023 Secured portion of Unsecured portion
outstanding of outstanding
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(Market Value of
Primary + Collateral
Security)
1. DB-I 80% 50%
DB-II 75% 50%
DB-III 70% 40%
2. LOSS 70% 25%
*Where Market value of Securities is more than 125% of Balance
Outstanding as on date of receipt of proposal, such cases shall not be
covered under this Special OTS Scheme and shall be dealt as per
guidelines mentioned in the Policy on Recovery & Management of NPA.
Note:
Legal expenses, Insurance Charges, charges for Revenue Authority
(Recovery Certificate filed A/c’s) and all other debited/ recorded expenses
Page 5 of 13
incurred by the bank are to be recovered in full over and above the OTS
amount. However, DI/SI/RI is not required to be added to the balance
outstanding for the purpose of calculation of OTS amount.
4.1 In respect of NPA accounts where claims under CGTMSE/CGFSEL/CGSSI, etc.,

schemes have been received and credited to the account, the credit/entry of
CGTMSE/CGFSEL/CGSSI, etc., claim received, be ignored, i.e., credit received
on account of CGTMSE/CGFSEL/CGSSI claim received, be added back to the
ledger outstanding, while computing the OTS amount.
4.2 Normally claim received in case of ECGC accounts is kept in separate account.
However, in accounts where ECGC claim is credited, then while arriving at the
balance outstanding, ECGC claim settled amount credited in the account has to
be added back to the outstanding balance to calculate settlement amount.
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4.3 Cases where margin against un-devolved Non Funded facility is less than 100%,
Branch Head/Circle SASTRA Head/Zonal SASTRA Head to ensure 100% cash
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margin against the un-devolved exposure be obtained.
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4.4 In case of restructured accounts, the outstanding in FITL & WCTL shall be
considered as part of principal outstanding and appropriate concessions shall be
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given as applicable.
4.5 If any account eligible under this scheme is considered under General OTS
Scheme, all terms and conditions of the OTS shall be applicable as per General
OTS Policy circulated by SASTRA Division.
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4.6 All other guidelines as contained in the extant general OTS/ Compromise etc.
policy will continue to be applicable to this Special OTS scheme also viz. claiming
Revenue Loss, Post Facto scrutiny etc. as applicable in other cases.
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4.7 A model and simplified format for approval of cases under Special OTS Scheme
in NPA accounts upto Rs. 1.00 Lakh is given at Annexure-A and model format for
approval of cases under Special OTS Scheme in NPA accounts above Rs. 1.00
Lakh upto Rs. 5.00 Crores is given at Annexure-B. The format may be amended
as per the specific requirements on case to case basis.
5. Valuation of Securities:
The basis of valuation of securities shall be as under:
5.1 Market Value of the Securities as per last valuation report which should not be
older than 1 year is to be considered.
5.2 Further, wherever properties are valued at Rs. 5 crore or above, minimum two
independent Valuation Reports not more than 1 year old from Bank’s Board
approved valuers shall be considered.
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5.3 Cases where two valuations are obtained and difference is more than 25%, higher
of the two valuations be considered. Further, where difference is upto 25%,
average of the two valuations be considered.
5.4 In case of Plant & Machinery, Market Value as per last valuation report (Valuation
Report should not be older than 1 years) shall be considered while computing
security coverage.
5.5 Valuation of stocks shall be considered on the basis of last stock statement
submitted by the borrower OR as per BM assessment during the last visit which
should not be more than one month old and valuations be compared with the last
stock statements, wherever available, submitted by the borrower.
5.6 If variation between the market value at the time of last sanction & current market
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value is more than 50% of the former valuation, then proper justification should be
incorporated in the OTS Proposal.
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6. Terms of Payment 10
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6.1 Upfront amount of minimum 20% of the OTS amount (for NPA accounts with
balance upto Rs 25 lakh) and 15% of the OTS amount (for NPA accounts with
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balance outstanding more than Rs 25 lakh upto Rs 5.00 crore) is to be deposited

along with OTS offer in writing.
6.2 Upfront amount deposited with the Bank shall be appropriated in the account
5
before conveying the approval to the Borrower.
6.3 Party to be impressed upon to deposit OTS amount within 3 months of approval
of OTS.
6.4 In case the entire OTS amount, as per the terms finalized in the sanction, is paid
19
within 3 months of conveying approval to the borrower, no interest will be charged.

However, simple interest @ MCLR for one-year (applicable on the date of
sanction) plus 1% on reducing balance basis will be charged where OTS amount
is paid beyond 3 months, effective from the date of Sanction.
6.5 In case any borrower fails to pay OTS amount, respective sanctioning authority
may consider extension of time period upto aggregate of 6 months from the date
of conveying approval. However, in exceptional circumstances, if borrower
approaches for further extension beyond 6 months from the date of conveying
approval, then the following Committee may consider extension of time period for
payment of OTS amount beyond 6 months till 12 months from the date of
conveying approval: -
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OTS Sanctioned By Competent Authority

Branch Head Circle Office Compromise
Committee (COCC)
Circle SASTRA Committee (CSCO) Zonal SASTRA Committee (ZSCO)
Zonal SASTRA Committee (ZSCO) Zonal SASTRA Committee (ZSCO)
Zonal Office Compromise Committee Zonal Office Compromise
(ZOCC) Committee (ZOCC)
HOCAC-I HOCAC-I
The above clause shall be applicable for the cases approved under this Special
OTS Scheme and where extension sought during the repayment period or after
declaration of OTS as failed but maximum repayment period in any case will not
be allowed more than 12 months from date of conveying approval.
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6.6 Further, at the time of considering extension, upfront amount of minimum 10% of
remaining OTS amount should be obtained along with request letter from the
borrower.
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6.7 In case borrower proposes to pay OTS in installments then default in payment of
one installment shall render the OTS as failed.
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6.8 The Postdated cheques coinciding with the dates of repayment for the remaining
amount of OTS amount be obtained, while conveying the sanction.
7. Other Stipulations
5
7.1 In case Bank has filed a suit against the borrower/obtained a Decree, Bank’s
satisfaction of its claim may be got recorded only after closure/ settlement of
account completely.
7.2 Wherever the borrower/guarantor/co-borrower/any other affected party has filed a

19
counter-claim/case against the Bank, such OTS under the Special Scheme will be
considered subject to withdrawal of the case/claim, for which sufficient
documentary proof may be provided for Bank’s records.
7.3 In all those cases, where OTS is approved and CGTMSE claim has been received
and credited in the borrowal account, CGTMSE to be informed, in terms of the
extant guidelines. Recoveries made in the account from the borrower be
proportionately remitted to CGTMSE as per the extant guidelines. Further, second
claim shall be lodged simultaneously with CGTMSE after approval of OTS as per
guidelines circulated by MSME Division and account shall be closed after receipt
of credit of second claim from CGTMSE.
7.4 In those cases, wherein insurance claim or any other claim on third parties is
received after the sanction of the account under the Special OTS Scheme, the
Page 8 of 13
amount of sacrifice be appropriated from the claim amount and the remaining
amount, if any, be credited to the borrower’s account.
7.5 In case of OTS is generated with the efforts of Recovery Agency/Resolution Agent/
Supporting Agency, the bank shall pay the applicable commission to the agency
as in the case of other recoveries.
7.6 Accounts where no security is available ab-initio, such cases shall be considered
after taking into consideration the attachable assets/net means/credit-worthiness
of borrower/ guarantors and same is to be commented in the proposal.
7.7 While considering OTS as per the special scheme, the provision held in the
account is also to be mentioned in the proposal.
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7.8 In case of multiple accounts of a borrower, eligibility will be determined borrower
wise and not account wise. 23 2
10
7.9 In case of group accounts, efforts be made to settle the group accounts together,
but coverage under the scheme will be borrower-wise.
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7.10 In case multiple accounts of the same borrower (or different borrowers) have
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common security(ies) AND not all accounts are eligible under the scheme, then
also OTS may be considered in the eligible accounts. However, release of charge
on the common security(ies) will be done only when the other loans are
resolved/paid off, etc. This stipulation be made part of the sanction letter.
5
7.11 Examination of Staff Accountability as per extant Bank Guidelines and OTS under
Special OTS Scheme are two separate matters and should not affect each other.
The cases where staff accountability aspect is yet to be examined/ is under
process, the same should be continued till logical conclusion, even if the OTS
under Special OTS Scheme has been approved.
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8. Actions to be initiated by Branches & SASTRA Centres
8.1 Prepare strategy for follow-up and timely guidance/support to the Verticals
including branches which are responsible for recovery of NPA accounts upto Rs
10.00 lakh.
8.2 Have discussion with Circle Offices/amongst verticals, immediately (not later than
a week’s time), emphasizing the need, salient features of the scheme and
formulation of result oriented strategies with the time line.
8.3 Guide and monitor the progress on day to day basis by calling for the required
information along-with the details of recoveries made in each individual account.
8.4 Prepare the list of eligible accounts.

Page 9 of 13
8.5 Accounts covered under the scheme may be allocated amongst all vertical
members for contacting the borrowers/ guarantors, personally and for subsequent
personal/telephonic follow-up for striking compromise proposals in these accounts
during the period of this Scheme.
9. Publicity of the Special OTS Scheme
9.1 Banners & posters be affixed at conspicuous places of the area so as to catch
attention of the general public.
9.2 Vertical Staff to ensure personal meetings with each borrower, negotiate for
settlement through compromise and make efforts for maximizing the cash
recoveries during the period of scheme.
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10. Monitoring of the Scheme
10.1 All compromise proposals approved by any functionary should be promptly

23 2
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reported to the next higher authority for post facto scrutiny; For proposals approved
by the respective Committees, the guidelines w.r.t reporting of approvals and
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monitoring of approved OTS under Special OTS Scheme shall be as under:

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S. Minutes of Appraisal To be placed for Post Facto

No. Committee Scrutiny to
1. Branch Head Circle Office Compromise Committee
2. Circle Office Compromise Zonal Office Compromise Committee
5
Committee
3. Circle SASTRA Committee Zonal SASTRA Committee
4. Zonal SASTRA Committee Zonal Office Compromise Committee
5. Zonal Office Compromise HOCAC Level II
Committee
6. HOCAC Level I HOCAC Level II
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10.2 The post-facto audit of OTS approved by Branches is also to be got done from
Concurrent Auditor posted in the Branch/ regular auditor and necessary
confirmation/ certificate to this effect shall be submitted to Circle Office
periodically.
**********
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Annexure-A
Punjab National Bank
Branch Office/Circle Office: ………………
Date:………….
Simplified Format for approval of One Time Settlement under Non-Discriminatory and
Non-Discretionary Special OTS Scheme for NPA Accounts upto Rs. 1.00 lakh
Amt. in Rs.
S. Particulars
No.
1 Name of Borrower
2 Date of Last Sanction & Amount of
Loan Sanctioned/ Nature of Facility
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3 Sanctioning Authority (Name and EMP
ID)
4 Date of NPA/Asset Classification as on
31.03.2023
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5
10
Balance Outstanding as on 31.03.2023
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Less: Recovery effected since

01.04.2023
Balance as on the date of OTS
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proposal (Latest O/s)

6 Provision as on the date of last quarter
7 Details of Security Available/Date of
Valuation
5
8 Settlement amount under the Special

OTS Scheme
9 Add: Legal expenses, Insurance and
other charges incurred in the account
10 Total OTS Amount (8+9)
11 Payment Terms of OTS
19
12 Waiver on account of Debit to bank’s

Revenue
13 CGTMSE/NCGTC/ECGC Claim, if any
14 Staff Accountability, if any
15 Brief History of the Account
Recommended for acceptance of compromise offer of Rs…………………… against

Balance Outstanding of Rs…………………………+ Law Charges + Insurance, etc., of
Rs……………… Total …………………….. as on ………………………..
It is further confirmed that sanctioning authority of the loan and approving authority of
OTS are different person and all the terms & conditions laid down in the Special One
Time Settlement Scheme have been complied with.
(RECOMMENDED) (SANCTIONED)
Page 11 of 13
Annexure-B
Punjab National Bank

Branch/Circle Office/Circle SASTRA/Zonal SASTRA Centre: ………………
Date:………….
Simplified Format for approval of One Time Settlement under Non-Discriminatory and
Non-Discretionary Special OTS Scheme for NPA Accounts above Rs. 1.00 lakh upto Rs
5.00 crore
Amt. in Rs.
S. Particulars
No.
1 Name of Borrower & Branch
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2 Date of Last Sanction &
Amount of Loan Sanctioned
3 Constitution (Individual/Sole
Prop/Partnership/ Pvt Ltd/ Ltd)
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4 Sole Banking/ Multiple
10
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Banking/ Consortium
5 Name of Proprietor/ Partners/
Directors
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6 Name of Guarantors
7 Details & Valuation of security Market Value at the Market Value at the
at the date of last sanction time of sanction time of OTS
8 Sanctioning Authority (Name

5
and EMP ID)

9 Date of NPA
10 Assets Classification as on
31.03.2023 (DBI, DB II, DB III,
Loss)
19
11 Balance Outstanding as on
31.03.2023
12 Less Recovery effected since
01.04.2023
13 Balance as on the date of OTS
proposal (Latest O/s)
14 Security Coverage
15 Settlement amount under the Security Secured Unsecured Total
Special OTS Scheme: Coverage Portion Portion
Percentage
Outstanding
OTS Amount
16 Add: Legal expenses,
Insurance and other charges
incurred in the account
17 Total OTS Amount
(15+16)
Page 12 of 13
S. Particulars
No.
18 Waiver on account of Debit to
Bank’s Revenue
19 Attachable Means of
Promoters/ Guarantors (if any)
20 Payment Terms of OTS
21 De-Recognised Interest
22 Recorded Interest at the end of
last quarter
23 Provision as on the date of last
quarter:
24 Staff Accountability Aspect
25 DRT Suit Status/Status of Any
other Suit Filed in the Account
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26 SARFAESI Action Status
27 CGTMSE/NCGTC/ECGC Claim,
if any
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28 Brief History of the Account 10
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Recommended for acceptance of compromise offer of Rs…………………… against

Balance Outstanding of Rs…………………………+ Law Charges + Insurance, etc., of
Rs……………… Total …………………….. as on ………………………..
5
It is further confirmed that all the terms & conditions laid down in the Special One Time
Settlement Scheme have been complied with.
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Signature of the Members of Committee
Page 13 of 13

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शस्त्र प्रभाग, प्रधान कार्ाालर्,

प्लाट न. – 4, सेक्टर – 10, द्वारका, नई दिल्ली - 110075

TO ALL OFFICES Date: 01-07-2023

SASTRA DIVISION CIRCULAR NO. 40/2023

NON-DISCRIMINATORY AND NON-DISCRETIONARY SPECIAL OTS SCHEME

Bank has a Board approved policy on Compromise/Negotiated Settlement/Write off/

The Non-Discriminatory and Non-Discretionary Special OTS Scheme FY 2023-24 -

Chief General Manager

NON DISCRIMINATORY AND NON-DISCRETIONARY SPECIAL OTS SCHEME

1. Nomenclature: Non-Discriminatory and Non-Discretionary Special OTS Scheme

2. Salient Features & Eligibility Criteria

(also termed as balance outstanding) up to Rs. 5.00 crore as on 31.03.2023 shall

2.5 The eligible accounts shall also include the following:

obtaining consent decree.

Recovery Laws, subject to requisite charges, if any payable, being recovered

2.6 Cases not eligible to be covered under the Scheme

S. Category (Balance O/s as on Sanctioning Authority

3 b. Above Rs 10 lakh to Rs 2 crore Circle SASTRA Committee

** In case of Zonal SASTRA Centres, where Chief Manager is discharging the

For Eligible Doubtful & Loss NPA Accounts

IRAC OTS Amount (% of balance outstanding as on date

on 31.03.2023 For Agriculture NPA For Agriculture NPA

Category of Mudra Loan under DB-III OTS amount (% of balance

Kishor (Loan above Rs. 50,000 and upto 30%

S. Security Coverage OTS amount (% of balance outstanding as

2. 10% to 50% 45% 55%

S. IRAC Classification *OTS Amount for OTS Amount for

4.1 In respect of NPA accounts where claims under CGTMSE/CGFSEL/CGSSI, etc.,

balance outstanding more than Rs 25 lakh upto Rs 5.00 crore) is to be deposited

before conveying the approval to the Borrower.

within 3 months of conveying approval to the borrower, no interest will be charged.

OTS Sanctioned By Competent Authority

7.2 Wherever the borrower/guarantor/co-borrower/any other affected party has filed a

8. Actions to be initiated by Branches & SASTRA Centres

8.4 Prepare the list of eligible accounts.

9. Publicity of the Special OTS Scheme

10.1 All compromise proposals approved by any functionary should be promptly

monitoring of approved OTS under Special OTS Scheme shall be as under:

S. Minutes of Appraisal To be placed for Post Facto

Less: Recovery effected since

proposal (Latest O/s)

8 Settlement amount under the Special

12 Waiver on account of Debit to bank’s

Recommended for acceptance of compromise offer of Rs…………………… against

Punjab National Bank

8 Sanctioning Authority (Name

and EMP ID)

Recommended for acceptance of compromise offer of Rs…………………… against

Signature of the Members of Committee

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