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i-IRAC (NPA Management Solution)

i-IRAC is a web based solution for NPA management, based on rules and conditions, designed as per the regulatory norms of Income Recognition, Asset Classification and provisioning requirements.

The solution helps to ascertain the status of the Loans and Advances accounts at any given point of time and not necessarily only at the quarter ends. It also provides for the asset classification and provisioning at the Head Office level without involving the branches.