Back date sign on loan documents
ravi
(Querist) 21 June 2015
This query is : Resolved
A few days ago i recommended a loan of Rs.2 lacs in a psu bank as i was the recommending officer,i made all the documentation.The loan a/c was opened on 2 june by the manager and he disbursed the amount in that loan a/c on 2 june i was on leave on that day and the manager opened the a/c without having my sign on loan doc.when i returned from leave he told me to put my sign on the doc in later date that is on 10 june when i was present,after having sm discussion i put my sign on loan doc and below the sign i put the date of 10 june.
so is it correct way or i will b in trouble for this at later stage?
what can b its consequences?
pls help me in this regard.
P. Venu
(Expert) 22 June 2015
You have the option to refuse. Choice is yours.
Biswanath Roy
(Expert) 24 June 2015
Your signature on back date can be explained as ' confirming signature ' not as loan sanctioning signature.