2 About Credit Proposal Extension

This topic describes about the Credit Proposal Extension Process in OBCFPM.

The Credit Extension process is a simple work-flow for modifying the expiry date of facilities available under a particular liability to any future date based on requirement.

This process can be initiated for any of the bank’s existing customers under many circumstances, among which following are two examples:

• The borrower requests an amendment to the expiry date of the facility
• The financial regulatory body announces to extend the facility expiry date due to natural calamities or other situations

Upon successful completion of all the stages in this process, the expiry date of facility modified will get updated in the back office system (OBELCM) and the facility will be made available to the borrower till the mentioned expiry date.

The stages available in the Credit Extension process are:

• Credit Extension Initiation
• Credit Extension Enrichment
• Credit Extension Review and Recommendation
• Credit Extension Approval
• Credit Extension Documentation

Each of the above stages must be performed by the bank users assigned to perform the respective tasks.