Classification of Advances

 Classification of Advances:- Classification of advances facilitates under following segments :

1. SECTOR WISE CLASSIFICATION

i)                    Priority Sector :  All advances presently classified as Priority Sector  are required to be reported under this head. Advances granted to the Government under takings/ Public sectors Corporation, Which are engaged in the activity that can be classified as Priority Sector should be classified under this head.

ii)                   Public Sector: - Advances given to Central Government/ State Government / Government Undertakings/ PSU which are treated as public sector are required to be reported under his head.

iii)                 Banks: -All the advances to bank should  be classified under this head . The system will ensure reflection on account under the Banking sector only.

iv)                 Others:-Advances not covered under the above 3 heads will reported uner this head and the system have been customized accordingly.

2. FACILITY WISE CLASSIFICATION :

i)                    Bill Purchase/ Bill Discounted :- Both inland & foreign Bill Purchased or Discounted are t be reported.

ii)                   Term Loans :- Term Loan Facilities being enjoyed by the borrower are required to  be reflected under this head.