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CREDIT MONITORING It is a process of safe guarding and keeping healthy advance portfolio. It is also very helpful in mitigating Risk in the area of Credit. . There are various tools through which quality of credit portfolio can be improved.
Tools of Credit Monitoring Post Sanction Review Post Disbursement/Periodical Inspection & Valuation Monthly Stock & BD Statement MMR/QMR/QIS/Quarterly CA Certified BD Statements Stock Audit & Credit Audit Insurance Review Credit Rating Enforcement of Documents Registration of Charges ASCROM .
Whether disbursement authority has been obtained from appropriate authority . Disbursement/ release made according to terms of sanction / Bank’s guidelines Vetting of documents done as per banks guidelines . PSR Observations are received and rectification thereof Whether all the terms and conditions of sanction / disbursements are complied .Post Sanction Review (PSR) Timely Submission for PSR / Reporting of sanctions to the controlling office.
Periodic valuation of securities as per guidelines and necessary steps are taken in case of erosion in value of securities.Post Disbursement /Periodical Inspection & Valuation of Securities Periodic inspection of Primary and collateral securities to be done as per guidelines. .
Fixing of DP is done on monthly basis and correctly fed in CBS system.e. to be correctly selected) . (DP indicator i.Stock & Book Debt Statement (DP Statement) Timely submission of DP statement as per sanction. Equal / Derived / Parent / Maintained.
MMR / QMR /QIS / Qtly CA certified BD Statement Whether quarterly CA certified book debt statement & QIS statements are submitted in time / regularly Proper Scrutiny of QIS / Compare with the Projection Monthly Monitoring reports / QMR are submitted to Controlling Authority in time. All field in MMR/QMR to be correctly fed .
Stock Audit & Credit Audit Whether Stock audit is conducted as per Bank’s guidelines. deficiencies rectified & Rectification Certificate submitted Credit Audit reports are available in all eligible accounts as per banks guidelines and deficiencies rectified & Rectification Certificate submitted .
.Insurance whether due date diary for insurance is maintained and fed in system Insurance covers for full value / insurable value has been obtained and in force Insurance with bank clause.
Timely submission of reviewed proposal for PSR to higher authorities. and submission of proposal/ recommendation for renewal to higher authorities in applicable cases. Short review / Technical review conducted as per guidelines. . Timely Renewal of limits.Review Timely receipt of renewal proposal (Financial Papers) from Borrower.
Credit Rating Whether Internal credit rating in appropriate model i. Credit Rating to be done timely and ROI to be reset accordingly. Reviewing and obtaining fresh external ratings in applicable cases as per guidelines . BOBRAM / MSME/ Retail credit has been carried out as per latest credit policy guidelines.e.
.Enforcement of Documents Whether Acknowledgement Of Debts Revival Letters Renewal of documents Renewal of Mortgages have been obtained within time as per guidelines / Limitation Act Documents / mortgages are in force .
In case of vehicles / other retail Loans banks lien / charge is to be registered with RTO / concerned authorities and all necessary compliances made as per guidelines. . Whether Search / Verification of charge conducted with ROC once in a year In respect of Equitable Mortgage / bank’s lien is notified to Central Registry/ Revenue Authority .Registration of Charges Whether charge created with ROC at the time of fresh /enhancement of limit /disbursement.
ASCROM Whether the classification of assets as NPA in ASCROM & FINACLE are common in both the lists & there is no divergence. Preparation of ASCROM data input sheet in eligible accounts as per the guidelines. Obtaining the potential NPA A/cs list generated in ASCROM and recovery of CADU amount. .