In this stage, the RM must discuss about the covenant breach with the client and capture the reason for breach. If the covenant is breached temporarily, then the RM can request for a waiver on covenant check for the particular period from the Risk team.

If the borrower mentions that the breach will continue in future as well, then the RM can request for a complete removal of covenant, take remedial action, request to withdraw the facility, or take any other corrective action.

To Acquire & Edit the Covenant Breach - RM task, navigate to Tasks > Free Tasks from the left menu and select the required task.

The Covenant Breach - RM screen is displayed.

In the Covenant Breach - RM screen, the following actions can be performed for each covenant individually:

• Update Covenant details
• View Covenant details
• Upload / download Documents
• View Covenant History