If
an y
u nc e rtai nt y
or
doubt a ris es in res pe ct of r e cov er y of
a n y
C ontinu ous Lo an ,
Dem and Lo an o r
Fix e d
Te rm Lo an, t he s ame
will
h av e to
b e clas sifi ed
o n the b asis o f
qualit ativ e judgment be it classifiable or not on the basis of objective criteria.The concerned bank will
classify on the basis of qualitative judgment and can declassify theloans if qualitative improvement does occur.But if an y loa n is cl assi fi ed b y t he In spe ction T eam o f Ba n glad es h Bank, th e s a me ca n
bedeclassified with the approval of the Board of Directors of the bank. However, before placingsuch case to
the Board, the CEO and concerned branch manager shall have to certify that theconditions for
declassification have been
fulfilled