GENERAL/ MISCELLANEOUS CIRCULARS
FAQ on Income Recognition, Asset Classification and Provisioning for Advances, Union Bank of India
By TEAM CIRCULAR EXPRESS • 05 Nov 2026
👁 4 views
• This document provides essential FAQs on IRACP norms for Union Bank of India borrowers.
• It defines 'Dues', 'Overdue', 'Special Mention Account' (SMA), and 'Non-Performing Asset' (NPA).
• It details classification criteria for term loans, CC/OD accounts, and credit cards.
• It explains borrower-wise NPA reporting, the impact on credit history, and the process for upgrading NPA accounts to standard.
• It defines 'Dues', 'Overdue', 'Special Mention Account' (SMA), and 'Non-Performing Asset' (NPA).
• It details classification criteria for term loans, CC/OD accounts, and credit cards.
• It explains borrower-wise NPA reporting, the impact on credit history, and the process for upgrading NPA accounts to standard.
purpose of issuance
Customer education on IRACP norms and asset classification
Most Important Details
NPA classification is borrower-wise; overdue in one account impacts all accounts. Accounts are classified as SMA/NPA daily. Upgradation to standard requires clearing all arrears and rectifying irregularities like pending renewals or stock statements.
Name of Bank
Union Bank of India
🔒 Document — view only
Regards, Circular Express
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GENERAL/ MISCELLANEOUS CIRCULARS
FAQ on Income Recognition, Asset Classification and Provisioning for Advances, Union Bank of India
By TEAM CIRCULAR EXPRESS • 05 Nov 2026
👁 4 views
• This document provides essential FAQs on IRACP norms for Union Bank of India borrowers.
• It defines 'Dues', 'Overdue', 'Special Mention Account' (SMA), and 'Non-Performing Asset' (NPA).
• It details classification criteria for term loans, CC/OD accounts, and credit cards.
• It explains borrower-wise NPA reporting, the impact on credit history, and the process for upgrading NPA accounts to standard.
• It defines 'Dues', 'Overdue', 'Special Mention Account' (SMA), and 'Non-Performing Asset' (NPA).
• It details classification criteria for term loans, CC/OD accounts, and credit cards.
• It explains borrower-wise NPA reporting, the impact on credit history, and the process for upgrading NPA accounts to standard.
purpose of issuance
Customer education on IRACP norms and asset classification
Most Important Details
NPA classification is borrower-wise; overdue in one account impacts all accounts. Accounts are classified as SMA/NPA daily. Upgradation to standard requires clearing all arrears and rectifying irregularities like pending renewals or stock statements.
Name of Bank
Union Bank of India
🔒 Document — view only
Regards, Circular Express
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Telecommunication Interconnection (Third Amendment) Regulations 2026 by TRAI
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Advisory for OTT Platforms and Digital News Publishers by Ministry of Information & Broadcasting
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