*BANKING TITBITS:#588* *Retail Lending Policy of the Bank* *CANARA MORTGAGE- SECURITY RESTRICTION ON ELIGIBLE PROPERTIES:* ->Even, SARFAESI Act does not empower Bank to evict the tenant/lessee (created prior to mortgage) & Bank has to take recourse-observing due process of law through eviction proceedings. ->For Tenanted Properties, A consent letter (NF-1046) shall be obtained. ->public utility like School/ College Buildings/ Educational Institutions, Hospital Buildings etc. or any other social/religious infrastructure shall not be accepted. >Agri properties/ Lands converted for Non-residential/ commercial use & lying vacant sites, Industrial Property & Industrial open land *TEAM CBOA COIMBATORE* (For Educative Purpose & Internal Circulation only, please follow https://tinyurl.com/cboaofficialwhatsappchannel for daily updates)