The loan classification process is a daily process that is used to classify the loans for credit bureau reporting. This one single process updates multiple parameters of a loan like days past due, marking or unmarking the loan as NPA, and updating the classification codes. Users can also run this process manually to do an ad-hoc classification.
The classification codes and bucket can be configured in the Company master under the loan tab
NoThe Contentloan classification process is a daily process that is used to classify the loans for credit bureau reporting. This one single process updates multiple parameters of a loan like days past due, marking or unmarking the loan as NPA, and updating the classification codes. Users can also run this process manually to do an ad-hoc classification.
The classification codes and bucket can be configured in the Company master under the loan tab