CA NeWs Beta*: Why system generated NPA's are not reliable..

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Sunday, April 8, 2012

Why system generated NPA's are not reliable..

Why system generated NPA r not reliable/Concurrent Audits not producing result as manipulation by banks: transfer entries from a fictitious account were made in some accounts to disable system to add them to NPA accounts, so do vouch every advance if possible and give at least 5 days to a bank and perform your commitments to President of India

Why system generated NPA are not reliable:1. Deposit cheques firstly in CC & get them dis-honoured resulting in turnover,2: give temporary OD/enhance limit

CA Anurag Maheshwari

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