NPA (Non-Performing Asset) audit is a specialized audit that focuses on examining loan accounts that have stopped generating income for a financial institution. It ensures that such accounts are correctly classified as per regulatory norms and that adequate provisions are made.
This audit is crucial for banks, NBFCs, and financial institutions to maintain financial stability and regulatory compliance. It involves reviewing loan accounts, checking overdue status, verifying asset classification, and assessing whether income recognition has been done correctly.
NPA audit also evaluates the effectiveness of recovery mechanisms and identifies potential stress in loan portfolios at an early stage. It helps management take timely corrective actions to minimize losses and improve asset quality.
Our NPA audit services provide a detailed and systematic review of your loan portfolio. We ensure compliance with applicable guidelines, detect misclassification, and offer practical recommendations to strengthen credit monitoring and recovery processes.
