Transcript LFAR for UCBs - Welcome | Baroda Branch of WIRC of ICAI

 LFAR
for UCBs could be
broadly divided into:
 LFAR for Bank Branches.
 LFAR for Head Office.
LFAR FOR
BRANCHES OF
UCBs
1. ASSETS
 Cash
 Balances with RBI
and Other Banks
 Money at Call and
LFAR for Branches
of UCBs could be
further detailed as:
Short Notice
 Investment
 Advances
 Other Assets
Deposits.
Other Liabilities (Bills Payable,
etc.)
Contingent Liabilities
 Revenue Recognition
 Revenue Leakages
 Provisioning
 Any divergent trends in major items of
income and expenditure, which are not
satisfactorily explained by the branch
 Books and Records
 Reconciliation of Control and
Subsidiary Records
 Inter Branch Accounts
 Audit / Inspection
 Frauds
 Miscellaneous
LFAR FOR HEAD
OFFICE OF UCBs
LFAR for Head
Office of UCBs
could be further
detailed as:
1. ADVANCES
 Loan Policy
 Credit Appraisal
 Sanctioning / Disbursement
 Documentation
 Review, Monitoring &
Supervision
 Policy in Respect of Bad &
Doubtful Debts, NPAs
 Adverse features considered
significant and which need
management’s attention
Investments
SLR / CRR Compliance
Cash
Call Money Operations
Asset-Liability Management
THANK YOU
CA. Naresh Kella
NDVR & Co.
Chartered Accountants
238 – 242, 2nd Floor,
Mega Mall,
Surendranagar – 363001
---------3 – H, Vardan Exclusive,
Near Vimal House,
Stadium Road, Navrangpura,
Ahmedabad – 380009
M. 955 810 5555 E. [email protected]