Due to in a week we found some cases broken some points of the Credit Committee’s resolutions . By the cases, the branch had let credit customers done without any prior notice to other related departments and passed to BSD, asking for Approve & Drawdown.
Therefore, this is as a gentle reminder to all branches, the resolution came out from the Credit Committee on behalf of PSVB, that strictly requires all compliances to such the resolutions.
Once the resolution passed to you, you are required to deal with your customers in the given ways. In practice, if your customers cannot accept in anyway, you should make a prior notice and requests your cases with justifiable reasons to the Committee or responsible authority for exceptions first.
BSD highly hope that there will be no cases found like that since the branches would check first if terms and conditions set by the Committee are in compliance before sending your cases to BSD for Approve & Drawdown process.