Concurrent audit
This query is : Resolved
24 November 2014
I have checked overdue statement in which there are parties whose overdue is more than 3 months.. theoretically these accounts are NPA... but in system their status is shown as 'standard'. when asking loan officer he said that system review parties on quarterly intervals.. It means in October if an account has overdue more than 3 months system will not call it NPA.. kindly suggest??
24 November 2014
SYSTEM/Computer Programme can NOT supercede RBI circular and guidelines. Request the loan officer to update the SYSTEM.
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