Samples of Situations leading to MOC

 Samples of Situations leading to MOC - Bank Audits

1. Wrong EMI calculations.

2. Moratorium intt not added to principal for EMI calculation like edu loan.

3. Incorrect feeding of Loan term, RoI, date of 1St EMI, 

4. Loan wrongly shown as std on 01.03.2020. like date of npa is before 01.03.2020.

5. Interest on Interest/compound/penal not reversed for 6m.

6. Income leakage like processing, penal, inspection

7. Non provision of expenses

8. Wrong calculations of intt subventions

9. Wrong entitlement of intt subvention

10. Intt subventions not gvn for 3+3 moratorium period.

11. Excess DP allowed for 90 days. Goods Rates far excess in stock statements.

12. Renewal expired and due for .180 days

13. If account is npa on 01.03.2020, intt on intt will be debited back. Covid provision 5%+5% also to be reversed. Fresh npa provison reqd.

14. FITL not paid till 31.03.2021

15. CC intt 'deferred' not served in full on 01.09.2020

16. Sub std is actually D1 /D2/D3/loss this year.

17. Unrealized Income reversals

18. Short term loans not converted to KCC. Thus lost intt subventions claims.

19. Creditors not considered for paid stock and DP

20. DP allowed on very old debtors 

21. Totalling errors in stock statements

22. Last year MOC entries pending on 31.03.2021

23. Tds non/wrong/short deductions

24. Wrong depreciations

25. Capital assets charged to PL

26. WC reduced margins Due to covid not restored on 31.03.2021. Leading to excess DP.

Supreme court decision 1 sep normal npa IRAC plus old feb /jan2021 default add 1 oct 2021 npa

In addition to this high crop loan sanction compare to thier RTC,

Non agri loan product code given as agri loan 

Reschedule of loan without proper sanction .

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