Dear Community,
There are certain guidelines provided by RBI which are related to the income booking for NPA loans. URL: https://rbi.org.in/scripts/BS_ViewMasCirculardetails.aspx?id=7357
Important points are
- Reversal of accrual once a loan is classified as NPA
- Reciept basis income booking if the loan is NPA
Is mifos supporting this as of the latest version?
Regards,
Deepak Nesarikar
+91-8668860988
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