⭐ Important points (exam-critical)
- ⭐Income on NPA recognised only on receipt (cash basis).
- ⭐Restructured account moves between categories per RBI norms.
- ⭐RBI's Master Direction on IRAC norms (latest 2021/2022) — periodic update.
- ⭐Special audit (Sec 30 BR Act) — directed by RBI, separate from statutory audit.
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