The Bhopal Branch of Institute of Chartered Accountants of India has organized a Live Webinar series on “Bank Audit” for its Members.

The Live webinar Series will be conducted for Five Days.  On Thursday webinar was joined by 250 members.

The said Webinar conducted over the Application Zoom, Members Login with their Meeting ID and Password on the link https://chat.whatsapp.com/DeglYIQfQHL23ufAEJROQk.  On Thursday,

 CA Lokesh Gupta from New Delhi tells about the various norms of IRAC and Impact of COVID 19 on the various circulars floated by Central Government on Bank Audit.

Further he elaborated his presentation he pointed out that whenever when to classify an account into a NPA account. Loan A/c (DL or TL)- Interest and/or installment of principal remain OVERDUE (when not paid on the due date fixed by the Bank) for a period of more than 90 Days.

He further highlighted on the Agricultural Advances. As per the extant norms, advances granted for agricultural purposes are treated as NPA where interest and/or instalment of principal remain unpaid after it has become due for two harvest seasons but for a period not exceeding two half years.

He focused on the Restructuring of Accounts. This amount, even if overdue for a period of 90 days or more, will not make other funded facilities provided to the client, 

NPA on account of the principle of borrower-wise asset classification, though such receivable overdue for 90 days or more shall be classified as NPA, as per the extant Income Recognition

The said webinar was attended in the Guidance of CA Zuber Ullah Khan, Chairman, Bhopal Branch. The webinar was conducted by the CA Pradeep Mutreja , Secretary Bhopal Branch. Along with this CA Samank Mohabe, Treasurer, Bhopal Branch, CA Anshul Agarwal, Vice Chairman, CA Ankur Jain, Chairman Cicasa Bhopal, CA Mayank Agarwal, ECM, and CA Aditya Shrivastava, ECM was also present in webinar.