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Handling Non-Performing Assets at ABC Bank
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ABC Bank’s corporate loan account, fully guaranteed by the State Government, was classified as a Non-Performing Asset (NPA) on March 31, 2025. During the previous financial year (2023-24), the bank had recognized ₹10 lakhs as interest income on this account, which remains uncollected. Additionally, fees of ₹1 lakh accrued in the current year (2024-25) are unpaid. As per RBI guidelines, since the account became an NPA, the accrued interest from the previous year must be reversed. Furthermore, the fees accrued in the current year must cease, and any previously recognized uncollected income must be reversed to ensure accurate financial reporting.
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