Last year RBI came out with a scheme for restructuring of advances under MSE, which had to suffer in revenue due to global slowdown.
Can you provide bank wise and scheme wise (say MSE and Non-MSE) number of accounts and amount, which were restructured to save them from slipping into NPA category?
This information may relate to as on 31.03.09 pre audit and post audit keeping in view figure given by each bank to Ministry of Finance. This will enable us to find out whether the statutory auditors have certified restructuring of all accounts which were announced, actually restructured and then truely certified or objected by audit teams appointed by RBI
Whether CA has been able to ascertain the number of accounts and amounts which were wrongly restructured by banks to hide NPA. Whether only MSE standard accounts have only been restructured or all general accounts which were irregular for years together have also been restructured to conceal irregualr accounts and to avoid provisioning on such bad accounts
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