229 | Annual Report | 2024-2025 Arohan Financial Services Limited Notes to financial statements for the year ended March 31, 2025 (Contd.) (All amounts in ` lakhs unless otherwise stated) Note 50: 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 (cont'd) As on March 31, 2024 Asset Classification as per RBI Norms Particulars 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 - Stage 2 (*) 198.16 198.16 - Stage 3 10,782.85 10,782.85 - 87.20 10,900.12 Doubtful - up to 1 year Stage 3 32.43 32.43 - 8.35 24.08 1 to 3 years Stage 3 315.48 315.48 - 29.30 286.18 More than 3 years Stage 3 27.02 27.02 - 0.82 26.20 Loss Stage 3 - - - - - Subtotal for NPA 11,362.25 11,362.25 - 125.67 11,236.58 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 - 125.67 11,236.58 Total (A+B) Stage 1 6,63,360.22 4,129.35 6,59,230.87 6,084.88 (1,955.53) Stage 2 4,101.46 1,758.54 2,342.92 34.25 1,724.29 Stage 3 11,157.78 11,157.78 - 125.67 11,032.11 Total 6,78,619.46 17,045.67 6,61,573.79 6,244.80 10,800.87 (*) 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.
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