Re: [aaykarbhavan] Bank audit-problem

I shared the same in my reply, the intention of the account is necessary to watch.....

G SABHARWAL & COMPANY
Chartered Accountants
INDIA

the message has been written and posted via hand held device; regret any errors in written form that may have found their way...

On 7 Apr 2015 21:37, "SOUMYA JYOTI mitra sjmrng29@yahoo.co.in [aaykarbhavan]" <aaykarbhavan@yahoogroups.com> wrote:

 

TOD can be sanctioned maximum 2  times for a maximum period of 3 months each. It can be misused to save the account from being NPA , if the account  transaction is clearly showing weakness in repayment , year end TOD cannot save the account from being NPA. More over each time TOD must be supported by a request letter for TOD from borrower.

On Tuesday, 7 April 2015 7:41 PM, "Amar Sudheer Chitta sudheerchitta@gmail.com [aaykarbhavan]" <aaykarbhavan@yahoogroups.com> wrote:

 

That process is not correct. You have to make them NPA and MOC has to
be raised.

On 4/7/15, sanpuff@yahoo.co.in [aaykarbhavan]
<aaykarbhavan@yahoogroups.com> wrote:
> Friends right we are in the bank. The mgr has sanctioned TOD's in various
> C/C accounts under information to the RO and treated all such accounts as
> regular. Is this procedure correct. All this in four to five big accounts.
> Pl guide as to how to go about it.
> Thanks and regards
> Sanjay Khanduja
> 09335152447
>
>
> Sent from my iPhone
>

--
Ch. Amar Sudheer
Chartered Accountant
Vijayawada

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Posted by: "G SABHARWAL & COMPANY" <gscafca@gmail.com>

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