IMPORTANT TIPS CONCESSIONS IN NPA NORMS


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IMPORTANT TIPS CONCESSIONS IN NPA NORMS
Category: Bank, Posted on: 03/04/2021 , Posted By: CA. ATUL AGARWAL, NOIDA

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Respected Members,

I hope by now, most of you must have got the appointment letters for execution of assignment as Statutory Branch Auditor of Public Sector Banks. This year being a year suffered from pandemic, Government of India and Reserve Bank of India have issued various guidelines for giving relief to the borrowers and accordingly announced various relief packages from time to time. Besides, Hon’ble Supreme Court has also given its final verdict announced on 23rd March' 2021
against the petition filed by one of the borrower seeking 4 major reliefs where in only 1 relief has been granted to all the borrowers which will impact the working of all Bank Branches substantially. Considering the importance of all packages & circulars, I have compiled the relevant circulars relevant for Concessions in NPA
norms for F/Y 2020-21 for F.Y. 2020-21 which may be helpful to you all while performing your duties as Statutory Brach Auditors. This gist of the circulars alongwith my views are as under:

To read more, Please click on below noted link
https://cavinaymittal.com/Image/IMPORTANT%20TIPS-CONCESSIONS%20IN%20NPA%20NORMS.pdf

Thanks & Regards

CA. Atul Agrawal, NOIDA

+919990057390

atul@aaaca.in

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