Question

A branch sanctioned a ₹6 crore working capital limit to an MSME. As per internal policy, branch’s delegated power is only up to ₹4 crore. The sanction was later approved by higher authority after disbursement. How will this sanction be treated?

A Valid since later ratified
B Valid if secured adequately
C Irregular as beyond delegated powers
D Valid if borrower is MSME
E Valid under emergency powers
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