REF/MSL/13/10/2010//Credit Module/User Manual

Manual

User Manual
Bankmill/Credit Module - Core Version 1.0
Centralized Browser Based Secure Core Banking System

“Providing an effective partnership to Banks”

for
“The right functionality with relevant technology at the right price”

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Table of Contents

Bankmill/Credit -................................................................................................................................ 1
Table of Contents...............................................................................................................................2
1 Parameters.............................................................................................................................3
1.0 Account Head...............................................................................................................................3
1.1 Standard Interest Type...........................................................................................................4
1.2 Standard Interest rate............................................................................................................5
1.3 Interest Definition..................................................................................................................6
1.4 Product...................................................................................................................................7
1.5 Slab Wise interest rate...........................................................................................................8
1.6 Asset Interest Rate reset........................................................................................................9
1.7 Alerts configuration............................................................................................................. 10
1.8 Penal Interest....................................................................................................................... 11
1.9 NPA Parameters...................................................................................................................12
1.10 NPA Slab Parameters........................................................................................................... 13
2. Customer Management....................................................................................................... 14
2.1 Partial Security......................................................................................................................... 14
3. Customer Service................................................................................................................. 15
4. Account Maintenance..........................................................................................................16
4.1. Customer Account.................................................................................................................... 16
4.1 Planned disbursal.................................................................................................................23
4.2 Actual disbursal..........................................................................................................................24
4.3 Asset sub Limits....................................................................................................................25
4.4 Sub limit Instruments...........................................................................................................26
4.5 Sub limit Disbursal................................................................................................................27
4.6 Restructure Schedule...........................................................................................................28
5 Financial transactions...........................................................................................................29
5. 1 Transaction Processing......................................................................................................29
6 Back date Interest calculator................................................................................................30
6. 1 Calculator.......................................................................................................................... 30
6.2 Recreate Daily Product.........................................................................................................31
7. Loan repayment Schedule....................................................................................................32
8 .Reports related to Credit Module................................................................................................33
1. Asset Accounts Reports.........................................................................................................33
2. Demand Collection Report....................................................................................................34
3. Insurance and Stock due report............................................................................................35
4. Loan disbursal report............................................................................................................ 36
5. Interest Product report.........................................................................................................37
6. Over Due reports.................................................................................................................. 39
7. Over Due Reminder reports..................................................................................................40
8. Disbursement Note...............................................................................................................40
9. MIS To Be Submitted To Board............................................................................................. 41
10. State and Sector Wise Allocation For Project........................................................................42
11. Loan Proposal Sanction.........................................................................................................44

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12. IIFCL Loan Sanction State Wise............................................................................................. 45

13. Disbursement Memo............................................................................................................ 47
14. Sub Limit Tree Report........................................................................................................... 48
15. Loan Sanction........................................................................................................................50
16. CR Report.............................................................................................................................. 51
17. DISBURSAL BASED INTEREST RATE........................................................................................54
18. Defaulting Planned Disburesals.............................................................................................56

1 Parameters
1.0 Account Head
Full Path
ParametersAccount HeadAdd

Description
This screen is used to enter new GLs in the system. The same may be updated/verified/Inquired
from the same module.

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11 Standard Interest Type

Full Path
ParametersStandard Interest typeAdd/verify/Inquire

Description
This screen is used to enter the standard Interest rate type for the all products

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12 Standard Interest rate

Full Path
ParametersStandard Interest rateAdd/verify/Inquire

Description
This screen is used to enter the standard Interest rate for the all products

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13 Interest Definition
Full Path
ParametersInterest DefinitionAdd/verify/Inquire

Description
This screen is used to enter the Interest definition for the all products

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14 Product
Full Path
ParametersProductAdd/verify/update/Inquire

Description
This screen is used to enter the Product Definition. In this screen we open the Product and assign
the Product GL and the exceptional GL, interest category (s), Installment type, max permitted unit.

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15 Slab Wise interest rate

Full Path
ParametersSlab wise interest Rate Add/verify/Inquire.

Description
This screen is used to enter the slabs for all products for which the interest type is ‘floating’ in
Interest definition. Slabs of all the products starting from same or from different dates may be
given from this screen.

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16 Asset Interest Rate reset

Full Path
ParametersAsset interest Rate reset>Add/update/verify/Inquire.

Description
This screen is used to enter the details of interest reset in application

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17 Alerts configuration
Full Path
ParametersAlerts Configuration>Add/update/verify/Inquire.

Description
This screen is used to enter the configuration of various alerts such as Interest reset, overdue
reminder, repayment principal, interest due etc.

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18 Penal Interest
Full Path
Parameters Penal Interest>Add/verify/Inquire.

Description
This screen is used to enter the configuration of penal Interest in the system which includes
frequency, penal GL, frequency etc.

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19 NPA Parameters
Full Path
ParametersPenal Interest>Add/verify/Inquire.

Description
This screen is used to define the NPA parameters for a loan Product-type

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110 NPA Slab Parameters

Full Path
ParametersPenal Interest>Add/verify/Inquire.

Description
This screen is used to define the NPA slab parameters such as standard, sub-standard, Doubtful,
Loss for a loan Product-type

Screen

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2. Customer Management

2.1 Partial Security

Full Path
Customer Management Partial Security

Description
This Screen is used to define/add security for a loan account. The security type may be ‘Primary’ or
‘Collateral’ and can be customer specific Or Product specific.
a. Security can be created by two methods one at the time of account opening and second by the
external node for partial security
b. If creating from account it could be account specific or customer specific.
c. If account specific then the user can create the security by filling up the details in account-
maintenance only.
d. In above case the security will not be available for any other account but second charge
(explained in point 5) can be allowed for that.
e. If security is customer specific then user can attached in pre defined security of the customer.

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f. Computed DP is the amount of Security Value-amount used in second charge.

g. Allowed DP is difference of computed dp and margin retained

3. Customer Service
Account Closure Expected
Full Path
Customer Service>Account Closure Expected >Inquire

Description

This screen is used to calculate the outstanding amount as on future date of a loan account for
closure.
Screen

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4. Account Maintenance
4.1. Customer Account

Full Path
Account MaintenanceCustomer AccountAdd/close/verify/Inquire.

Description
This screen is used to open the new account of loans for every product.
The system checks for a valid loan proposal file no which is created through work-flow.
After entering that loan Proposal file no and then attaching the customer and clicking “create
account” button limit amount, purpose, sector, moratorium period are automatically populated in
the account,
Which can be update/altered manually if required

Screen -1

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Screen -2

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Screen -3

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Screen -4

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Screen -5

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Screen -6

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4.1 Planned disbursal

Full Path
Account-MaintenancePlanned DisbursalsAdd/update/verify/Inquire.

Description
This screen is used to create planned disbursals in an account according to which the loan is
disbursed.
a. Account selected should be a verified active record whose total limit is greater than equal to
total planned disbursal in the account.
b. Disbursal Serial is auto incremented.
c. Planned Disbursal Name is free text but should not be duplicated.
d. Planned Start date should not be less than account open date.
e. Planned End date should not be less than start date and should not greater than loan tenure
date.
f. Planned amount should be (Limit-sum of last Planned Amounts).

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4.2 Actual disbursal

Full Path
Account MaintenanceActual DisbursalsAdd/update/verify/Inquire

Description
This screen is used to create Actual disbursals in an account according to which the loan is
disbursed it may be linked with planned disbursals or may be defined directly.

a. If we want to link the actual with planned then select the planned disbursal from the combo or
select account directly.
b. Interest Category gets selected/filled automatically from the either the account or the planned
disbursal.
c. Planned Variance is the differential from original rate of interest chosen in Interest category. It can
be +/- variance

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Screen -1

4.3 Asset sub Limits

Full Path
Account MaintenanceAsset sub limitAdd/update/verify/Inquire.

Description
This screen is used to create Asset sub-Limits in an account.
The sum-total of Sub-limit and actual disbursals should not be greater than the total limit of an
account
Asset sub limit will be available at disbursal if disbursal amount is less than equal to asset sub limit
amount

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4.4 Sub limit Instruments

Full Path
Account-Maintenance sub limit InstrumentAdd/update/verify/Inquire.

Description
This screen is used to create Sub limit instrument in an account.

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4.5 Sub limit Disbursal

Full Path
Account Maintenancesub limit disbursalUpdate/verify/Inquire.

Description
This screen is used for updating the commission charged for disbursal
It should populate only those records against which the actual disbursals are made

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4.6 Restructure Schedule

Full Path
Account Maintenance Restructure scheduleRestructure

Description
This screen is used for restructuring the Schedule of a loan account from one product to different
product or to same product

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5 Financial transactions
5. 1 Transaction Processing
Full Path
Financial TransactionTransaction processingAdd

Description
This screen is used for disbursing the amount of loan sanctioned to the borrower.
On disbursal of amount the system asks for the amount to be disbursed as a Normal disbursal or a
sub-limit disbursal. The message may be selected as “Yes” or “No” which opens a new pop-up
screen for selecting the amount from the sub-limit screen or the Normal disbursal

Screen -1

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Screen-2

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6 Back date Interest calculator

6. 1 Calculator

Full Path
Back date InterestCalculator.

Description
This screen is used for calculating the difference of Interest posted with interest changed from
back-date. The screen calculates the Interest in the “New Interest” text field and the Interest may
be posted/adjusted in the loan account manually

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6.2 Recreate Daily Product

Full Path

Back date InterestRecreate daily Product

Description
This screen is used for calculating updating the Ac-bal-Movement (Interest table in which interest is
calculated) from back date. The Interest is changed after the date of Last interest posting.

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7. Loan repayment Schedule

Full Path
Loan repayment Schedule >Add/Add Multiple/update/Verify/Inquire

Description
This screen is used to define the Loan repayment Schedule for a loan by attaching the Loan
proposal file in the node which is made in workflow.

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8 .Reports related to Credit Module

1. Asset Accounts Reports

Full Path
Report  MIS Asset Account Report

Description
This report shows the details like the loan limit, drawing power, and security name etc for
a specific account.

Filter Screen

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Report Screen

2. Demand Collection Report

Full Path
Report  MIS Demand Collection Report

Description
This is demand collection report showing total overdue, demand due, amount outstanding
and loan amount details.
Filter Screen

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Report Screen

3. Insurance and Stock due report

Full Path
Report  MIS Insurance and Stock due Report

Description
This report shows the insurance and stock due data.
Filter Screen

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Report Screen

4. Loan disbursal report

Full Path
Report  MIS Loan disbursal Report

Description
This report shows the disbursal specify details.
Filter Screen

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Report Screen

5. Interest Product report

Full Path
Report  MIS Interest Product Report

Description
This report shows the disbursal wise interest product specific details.
Filter Screen

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Report Screen

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6. Over Due reports

Full Path
Report  MIS Over Due Report

Description
This is an overdue statement report. The report contains many filter options.
Filter Screen

Report Screen

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7. Over Due Reminder reports

Full Path
Report  Credit Over Due Reminder Letter

Description
This report is a overdue reminder letter which is sent to the borrower.

Filter Screen

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Report Screen

8. Disbursement Note

Full Path
Report  Disbursement Node

Description

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This report keeps the details of the disbursement. Also contains details of the other lender
disbursements.

Filter Screen

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9. MIS To Be Submitted To Board

Full Path
Report  MIS To Be Submitted To Board

Description
This report shows the details like main sponsor promoter, group/state, Lead bank, project
cost, lead bank share, and amount finally allocated to IIFCL etc.
Filter Screen

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Report Screen

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10.State and Sector Wise Allocation for Project

Full Path
Report  State and Sector Wise Allocation for Project

Description
This report is used to display the allocation of the loans state and sector wise.

Filter Screen

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Report Screen

11.Loan Proposal Sanction

Full Path
Report  Loan Proposal Sanction

Description
This report shows the details of the sanctioned loan proposals.
Filter Screen

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Report Screen

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12.IIFCL Loan Sanction State Wise

Full Path
Report  IIFCL sanction State Wise

Description
This report shows the details of the state wise loan sanctioned by IIFCL.
Filter Screen

Report Screen

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13.Disbursement Memo

Full Path
Report  Disbursement Memo

Description
This is a memo generated at the time of disbursement.
Filter Screen

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Report Screen

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14.Sub Limit Tree Report

Full Path
Report  Sub Limit Report

Description
This report shows the benefits availed by the borrowers.

Filter Screen

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Report Screen

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15.Loan Sanction

Full Path
Report  Loan Sanction

Description
This report shows the company specific loan sanctioned details.

Filter Screen

Report Screen

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16.Account Summation Report

Full Path
Report  CR Report Account Summation Report

Description
This report shows the details like the account name, Limit, opening, credit, debit and
closing specific details.

Filter Screen

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Report Screen

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17.DISBURSAL BASED INTEREST RATE

Full Path
Report  DISBURSAL BASED INTEREST RATE

Description
This report shows the details of the interest rates of different accounts on disbursal basis.

Filter Screen

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Report Screen

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18.Defaulting Planned Disbursals

Full Path
Report  Defaulting Planned Disbursals

Description
This report shows the details of the defaulting planned disbursals. It shows the
undisbursed amount for such disbursals.

Filter Screen

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Report Screen

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