Bank audit

Stat Audit 827 views 1 replies

Amit Kumar Verma

CA Final CS Professional

501 Points Joined August 2010

Hi Members..

We have been assigned for statutory branch audit of a rural brach which contains mostly KCC (Kisan Credit Card) for sugercane. Please tell me what are the norms for audit of KCC (Kisan Credit Card) i.e. classification as NPA, crop season for sugercane etc.

Thanks..

Replies (1)

Ashwani Narnoli

1843 Points Joined July 2009

As far as i am concerned the norms for KCC is different. Loan will have to be repaid only after expiry of two years. Hence, NPA have to be checked only after two years