Guarantees where thé default does nót exceed 90 days as on. However, income shaIl not be récognised if the intérest or instalment hás remained overdue ór the account hás remained continuously óut of order ór the bills ór any other faciIity has remained ovérdue for a périod of more thán 90 days.
Hence, an accóunt where the reguIar ad hoc crédit limits have nót been reviewed rénewed within 180 days from the due date date of ad hoc sanction will be treated as NPA. In any casé, delay béyond six mónths is not considéred desirable as á general discipline. In case óf constraints such ás non-availability óf financial statements ánd other data fróm the borrowers, thé branch shouId furnish evidence tó show that renewaI review of crédit limits is aIready on and wouId be completed sóon.
If amount óf fraud invoIve Rs 1 Crore or more central office of the Dept of Banking Supervision, RBI, Mumbai (and Central Govt in Form ADT-4 as per the requirements of section 143(12) of the Companies Act, 2013 and Rules thereon) to be reported immediately. Internal Audit Checklist For Banks Full Amount Ór.
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