Npa Bank account
This query is : Open
Iftekhar Shaikh
(Querist)
09 September 2017
bank loan account got classified NPA for a small amount short of RS.140 that to due to Mistake of bank as the loan holder paid the AMT demanded now the bank is asking to pay whole loan amount advice
K Srinivas, CMA CS
(Expert)
09 September 2017
When the account turns NPA , Banks usually recall the entire advance given to the borrower.
SInce the overdue amount is very paltry and the mistake was on Bank's part, explain the details in a mail and send it to branch for confirmation and upgradation of the account.
SInce the overdue amount is very paltry and the mistake was on Bank's part, explain the details in a mail and send it to branch for confirmation and upgradation of the account.
Iftekhar Shaikh
(Querist)
10 September 2017
thanks sir
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