CORAA automates the most complex and ସମୟ-consuming NBFC ଅଡିଟ୍ ପ୍ରକ୍ରିୟା, from IRACP NPA testing to interest income reversal verification, all from a single Tally data import.
RBI regulation layered on top of the କମ୍ପାନୀ ଅଧିନିୟମ.
NBFC ଅଡିଟ୍ require both banking expertise and deep regulatory knowledge, and every classification call has direct P&L impact.
RBI IRACP
NPA classification
RBI's Income Recognition and Asset Classification and Provisioning norms require precise NPA staging based on ଦିନ past due. Manual classification across thousands of loan accounts is error-prone and ସମୟ-consuming.
Provisioning
Materiality at stake
Each NPA category (Sub-Standard, Doubtful 1/2/3, Loss) carries different provisioning rates. Even a small misclassification has a material impact on the P&L and capital adequacy ratios.
Income recognition
Interest income reversal
For NPA accounts, interest must be reversed from income and credited to a suspense account. Verifying this across a large portfolio requires cross-referencing ଲେଜର୍ entries against the NPA status for each account.
RBI returns
Form ସମନ୍ୱୟ
NBFC returns filed with RBI (NBS-1, NBS-2, etc.) must ସମନ୍ୱୟ with audited financial statements. Discrepancies trigger RBI queries, identifying them before filing requires tedious manual cross-referencing.
How Coraa addresses them
One Tally import. every loan account in scope.
Automated ଲେଜର୍ ସ୍କ୍ରୁଟିନି across all loan and deposit accounts
GST and TDS ସମନ୍ୱୟ for fee income and ଖର୍ଚ୍ଚ accounts
ବ୍ୟାଙ୍କ ସମନ୍ୱୟ across multiple accounts simultaneously
Interest income verification, earned vs received vs reversed
Provisioning calculation cross-check against IRACP norms
Related party loan and deposit identification and testing
ଭାଉଚିଂ with AI-assisted document matching
100% ଲେଣଦେଣ coverage, ନା sampling gaps
ୱାର୍କିଂ ପେପର୍ generated automatically with full ଅଡିଟ୍ ଟ୍ରେଲ୍
NFRA-ready documentation for listed NBFC clients
How it works
From Tally import to exception review.
Step 01
Import Tally data
Export the client's Tally data and upload to Coraa. One-ସମୟ setup per ଏଙ୍ଗେଜମେଣ୍ଟ୍. ସବୁ loan, deposit, income, and ଖର୍ଚ୍ଚ ଲେଜର୍ are imported together.
Step 02
AI runs all ପ୍ରକ୍ରିୟା
ଲେଜର୍ ସ୍କ୍ରୁଟିନି, ସମନ୍ୱୟ, NPA indicator screening, interest verification, related party flagging, all run simultaneously in minutes.
Step 03
Review and sign off
Coraa generates an exception queue and pre-populated ୱାର୍କିଂ ପେପର୍. Your team reviews exceptions, adds conclusions, and signs off.
