Bank Tah Tut Bhd has issued a memorandum to all their branch managers that any amount in excess of RM1000-00 on any overdraft facility can only be allowed if prior approval from the managemen?

Bank Tah Tut Bhd has implemented a new policy requiring branch managers to obtain prior management approval for any overdraft facility exceeding RM1000. This measure aims to enhance risk management and ensure proper oversight of lending practices. Branch managers are expected to adhere to this guideline to maintain compliance and support the bank's financial stability.