The visa applications might have been denied. But this does not mean they really hired 109 foreign workers during this period. FinacleSoft Inc has applied for 109 LC and LCA from fiscal year 2018 to 2020.

Finacle uses different menus for different functions and reports. Naturally it has become essential for an Auditor to have a working knowledge of Finacle in order to conduct Bank Audit. Many nationalized banks such as Bank of Baroda, Bank of India, PNB, Union Bank of India and private bank such as ICICI are using Finacle as their CBS platform. Finacle is also one of such CBS softwares developed by Infosys.

In this case I think it's TRUE because thats the reason he is into committing FRAUD for so many years. Positive Comment: This OM PRAKASH NAKKA uses his money power and he thinks he can get over anything. Overall Rating: (1/5) Association With Company: h1b. I hope readers will find it useful.FINACLE SOFT INC FRAUD COMPANY.

Type вЂњIвЂќ in the general details of the account will be displayed.- In the options field, press F2 to see the list of options available.- From such options вЂњLimit History MaintenanceвЂќ can be used for checking the increase or decrease of sanction limit and drawing power of a particular advance account. And check if the branch is charging depreciation properly or is it remitting statutory dues on time in order to avoid interest and penalty.- Sensitive accounts such as Suspense Account, Clearing Adjustments account, Sundry Creditor account can be verified from this menu.- For finding out revenue leakage, charges debited in accounts can be checked from this menu.- For customer accounts, after entering the account number in the field, press Ctrl + E keeping the curser in that very box. However, it also provides a wide range of information of a particular account.- An Auditor can verify the accounts of Fixed assets, Depreciation, TDS remittance pending, Service Tax payable etc. Is a pioneer in the field, we will be introducing the first trading system that will allow clients to control and customize their.- This menu is generally used to check the transactions in any account.

Each LC can be verified from this menu.- This is a very interesting menu. In addition to that, expired but not closed LCs create unnecessary contingent liabilities for the bank.- Such LCs should be closed before the Balance Sheet date to avoid misrepresentation.- This menu generates the list of all inland/foreign LCs issued during the given period.- The documents regarding all such LCs and the commission charged thereon can be easily verified from this menu.- Auditor can also check if the details entered in the system are as mentioned in the documents.- This menu is easy because it shows the list of both Inward and Outward Documentary Credits, thus the Auditor does not have to verify one by one LC from IDCM or ODCM menu options. DCEXPLST ( Report on Expiring Documentary Credits)- This is an easy menu option which quickly generates the list of Letter of Credits (LCs) expired but not closed.- Bills are drawn under every LC, but if the LC is expired then such Bills hold no assurance. However, many banks have BC outstanding over a year.- Such irregularities should immediately be reported.- This menu option searches accounts of one particular customer from the Customer ID.- It is better than the search option available in menu option ACLI, as it shows Non Fund Based borrowing details also.- As per RBI master circular on asset classification, if one account of any customer is classified as NPA, all the advance accounts of such customer should be classified as NPA.- It can be checked from this menu option whether the bank has classified all the accounts of one defaulter as NPAs or not.7.

IRM/ ORM (Inward/ Outward Remittance Maintenance)- A branch having foreign business will obviously have Inward and Outward remittances in foreign currencies.- The charges upon those remittances can be checked from these menus moreover it generates the actual list of transactions the branch has entered into. 99,999/- can be seen and verified from this menu.- As per RBI master circular RBI/2013-14/62 dated , accounts where the regular/ ad hoc credit limits have not been reviewed/ renewed within 180 days from the due date/ date of sanction should be treated as NPA.- ACDREV generates the list of accounts pending due for review as on a given date.- It should be checked by the Auditor that no account is due for review over 6 months on a given date.13. Major expenses can also be checked and provision of interest accrued and Non Performing Asset can be verified.- Sudden increase in advances and deposits just before the balance sheet date should be verified to check any window dressing done by the branch.- It allows searching the details of a transaction by its Transaction ID.- List of transactions between ranges of amounts can also be generated from this menu.- High value transactions which suddenly increased the advance or suspicious transactions such as cash deposit of Rs. Exceptional transactions such as activities in accounts which are due for review, advance balance greater than the Sanctioned Limit, accounts opened without introducers, system generated commission changed manually etc.- Auditor should verify such transactions and report any material irregularity observed.- This menu generates the balance sheet and profit and loss account of the bank branch on a given date.- This menu can effectively be used to figure out daily balance of advances and deposits of the bank.

GILR ( Guarantee Issued Liability Register)- Guarantees which are expired but not cancelled can be checked from this menu. LAOPI (Loan Overdue Position Inquiry)/ TODRP (Temporary OD Report)- These menu options generate lists of Loan accounts which are overdue.- Such accounts should closely be monitored, because there are high chances of them becoming NPAs.Through this menu, various reports generated in Finacle can be printed or a softcopy of such reports can be taken on hard drive.19.

Finacle Soft