| 200 Annual Report | 2023-2024 Financials Note 48: Disclosures on difference between Ind AS 109 provisions and IRACP norms pursuant to the RBI Master direction circular RBI/DoR/2023-24/106 DoR.FIN.REC.No.45/03.10.119/2023-24 Asset Classification as per RBI Norms As on March 31, 2024 Asset Classification as per RBI Norms Asset classification as per Ind AS 109 Gross carrying amount as per Ind AS (**) Loss allowances (provisions) as required under Ind AS 109 Net carrying amount Provisions required as per IRACP norms Difference between Ind AS 109 provisions and IRACP norms (A) (B) (C) (D) (E=C-D) (F) (G=D-F) Performing Assets Standard Stage 1 6,63,353.91 4,123.04 6,59,230.87 6,084.88 (1,961.84) Stage 2 3,903.30 1,560.38 2,342.92 34.25 1,526.13 Subtotal (A) 6,67,257.21 5,683.42 6,61,573.79 6,119.13 (435.71) Non-Performing Assets (NPA) (#) Substandard Stage 1 (*) 6.31 6.31 - 129.41 11,232.76 Stage 2 (*) 198.16 198.16 - Stage 3 11,157.78 11,157.78 - Other items such as guarantees, loan commitments, etc. which are in the scope of Ind AS 109 but not covered under current Income Recognition, Asset Classification and Provisioning (IRACP) norms Stage 1 - - - - - Stage 2 - - - - - Stage 3 - - - - - Subtotal (B) 11,362.25 11,362.25 - 129.49 11,232.76 Total (A+B) Stage 1 6,63,360.22 4,129.35 6,59,230.87 6,084.88 (1,961.84) Stage 2 4,101.46 1,758.54 2,342.92 34.25 1,526.13 Stage 3 11,157.78 11,157.78 - 129.49 11,232.76 Total 6,78,619.46 17,045.67 6,61,573.79 6,248.62 10,797.05 As on March 31, 2023 Asset Classification as per RBI Norms Asset classification as per Ind AS 109 Gross carrying amount as per Ind AS (**) Loss allowances (provisions) as required under Ind AS 109 Net carrying amount Provisions required as per IRACP norms (*) Difference between Ind AS 109 provisions and IRACP norms (A) (B) (C) (D) (E=C-D) (F) (G=D-F) Performing Assets Standard Stage 1 4,65,621.12 4,589.72 4,61,031.40 4,889.80 (300.08) Stage 2 26,551.48 10,406.42 16,145.07 1,499.72 8,906.70 Subtotal (A) 4,92,172.60 14,996.14 4,77,176.47 6,389.52 8,606.62 Non-Performing Assets (NPA) (#) Substandard Stage 1 (*) 23.36 3.48 19.88 1,927.35 11,540.68 Stage 2 (*) 768.96 666.21 102.75 Stage 3 13,721.20 12,798.34 922.85 Other items such as guarantees, loan commitments, etc. which are in the scope of Ind AS 109 but not covered under current Income Recognition, Asset Classification and Provisioning (IRACP) norms Stage 1 - - - - - Stage 2 - - - - - Stage 3 - - - - - Subtotal (B) 14,513.52 13,468.03 1,045.48 1,927.35 11,540.68 Total (A+B) Stage 1 4,65,644.48 4,593.20 4,61,051.28 4,889.80 (300.08) Stage 2 27,320.44 11,072.63 16,247.82 1,499.72 8,906.70 Stage 3 13,721.20 12,798.34 922.85 1,927.35 11,540.68 Total 5,06,686.12 28,464.17 4,78,221.95 8,316.87 20,147.30 (*) The gross carrying amount of stage 1 and 2 in non performing assets section are classified in respective stages as per Ind AS. (**) Gross carrying amount as per Ind AS represents gross carrying amount, accrued interest, loan processing fees and securitised assets. (#) Includes 75,865 accounts having principal overdue of `4,581.82 lakhs and interest overdue of `1,335.64 lakhs as at March 31, 2024 (March 31, 2023: Includes 94,542 accounts having principal overdue of `5,807.53 lakhs and interest overdue of `983.57 lakhs) Arohan Financial Services Limited Notes to financial statements for the year ended March 31, 2024 (Contd.) (All amounts in ` lakhs unless otherwise stated)
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