IRAC Circular Reference Para No Sample Clauses

IRAC Circular Reference Para No. 4.2.7 (c) - Asset Classification to be borrower-wise and not facility-wise“Para No. 4.2.7.1 -It is difficult to envisage a situation when only one facility to a borrower/one investment in any of the securities issued by the borrower becomes a problem credit/investment and not others. Therefore, all the facilities granted by a bank to a borrower and investment in all the securities issued by the borrower will have to be treated as NPA/NPI and not the particular facility/investment or part thereof which has become irregular. Example Description - NPA Classification on based on borrower wise and not facility wise. Example: If any Facility of customer is classified as NPA upon running day-end process as on date, all the facility of the customer need to be classified NPA upon same day. It is further explained as below mention table: Customer ID Facility Name Date NPA Reason A A A Term Loan 1 Term Loan 2 Cash Credit / Overdraft 29-Jun-21 29-Jun-21 29-Jun-21 NPA Classified as per above Example NPA Classified Due to Customer ATerm Loan 1 is classified NPA NPA Classified Due to Customer ATerm Loan 1 is classified NPA
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IRAC Circular Reference Para No. 4.2.4 (a & b) - Accounts with temporary deficiencies
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IRAC Circular Reference Para No. 4.2.7 (c) - Asset Classification to be borrower-wise and not facility-wise
Sample 1Sample 2
IRAC Circular Reference Para No. 4.2.4 (c) - Accounts with temporary deficiencies Para No. 4.2.4 (c) - Regular and ad hoc credit limits need to be reviewed/ regularised not later than three months from the due date/date of ad hoc sanction. In case of constraints such as non-availability of financial statements and other data from the borrowers, the branch should furnish evidence to show that renewal/ review of credit limits is already on and would be completed soon. In any case, delay beyond six months is not considered desirable as a general discipline. Hence, an account where the regular/ ad hoc credit limits have not been reviewed/ renewed within 180 days from the due date/ date of ad hoc sanction will be treated as NPA. Example Description - NPA Classification on Revolving facility based on renewal is not to be reviewed. Example: If Renewal is due of a revolving facility account as on March 31, 2021, and further renewal of account is not done. It shall get classified as NPA upon running day-end process on September 27, 2021. It is further explained in below mention table: Date Classification 31-Mar-21 (Renewal Due Date) 27-Sep-21 NPA
Sample 1
IRAC Circular Reference Para No. 4.2.7 (c) - Asset Classification to be borrower-wise and not facility-wise Para No. 4.2.7.1 -It is difficult to envisage a situation when only one facility to a borrower/one investment in any of the securities issued by the borrower becomes a problem credit/investment and not others. Therefore, all the facilities granted by a bank to a borrower and investment in all the securities issued by the borrower will have to be treated as NPA/NPI and not the particular facility/investment or part thereof which has become irregular. Example Description - NPA Classification on based on borrower wise and not facility wise.
Sample 1
IRAC Circular Reference Para No. 4.2.4 (c) - Accounts with temporary deficiencies Para No. 4.2.4 (c) - Regular and ad hoc credit limits need to be reviewed/ regularised not later than three months from the due date/date of ad hoc sanction. In case of constraints such as non-availability of financial statements and other data from the borrowers, the branch should furnish evidence to show that renewal/ review of credit limits is already on and would be completed soon. In any case, delay beyond six Lender Borrower Co-Borrower Co-Borrower Co- Borrower Co-Borrower Co-Borrower Co-Borrower Co-Borrower months is not considered desirable as a general discipline. Hence, an account where the regular/ ad hoc credit limits have not been reviewed/ renewed within 180 days from the due date/ date of ad hoc sanction will be treated as NPA. Example Description - NPA Classification on Revolving facility based on renewal is not to be reviewed. Example: If Renewal is due of a revolving facility account as on March 31, 2021, and further renewal of account is not done. It shall get classified as NPA upon running day-end process on September 27, 2021. It is further explained in below mention table: Date Classification 31-Mar-21 (Renewal Due Date) 27-Sep-21 NPA
Sample 1

Related to IRAC Circular Reference Para No

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