LOANS RECOGNIZED AS A RESULT OF PAYMENTS UNDER GUARANTEES (Tables)
|
9 Months Ended |
Dec. 31, 2024 |
Financing Receivable, Past Due [Line Items] |
|
SCHEDULE OF LOANS RECOGNIZED AS A RESULT OF PAYMENTS UNDER GUARANTEES |
SCHEDULE OF ALLOWANCE FOR EXPECTED RECOVERABLE AMOUNTS
| |
March 31, 2024 | | |
December 31, 2024 | |
| |
RMB | | |
RMB | |
| |
| | |
| |
Loans recognized as a result of payments under guarantees | |
| 7,995 | | |
| 7,710 | |
Less: provision for credit losses | |
| (7,995 | ) | |
| (7,710 | ) |
Loans recognized | |
| - | | |
| - | |
|
SCHEDULE OF MOVEMENT OF PROVISION FOR CREDIT LOSSES |
The
movement of provision for credit losses for the fiscal years ended March 31, 2023 and 2024 and the nine months ended December 31, 2024
was as follows:
SCHEDULE OF MOVEMENT OF PROVISION FOR CREDIT LOSSES
| |
For the fiscal years ended March 31, | | |
For the nine months ended December 31, | |
| |
2023 | | |
2024 | | |
2024 | |
| |
RMB | | |
RMB | | |
RMB | |
| |
| | |
| | |
| |
Beginning balance of the period | |
| (324,371 | ) | |
| (10,337 | ) | |
| (7,995 | ) |
(Provision for)/reversal of credit losses | |
| (1,770 | ) | |
| 1,719 | | |
| 285 | |
Write-offs | |
| 308,847 | | |
| - | | |
| - | |
Payments from the borrowers or other recoveries | |
| 6,957 | | |
| 623 | | |
| - | |
Ending balance of the period | |
| (10,337 | ) | |
| (7,995 | ) | |
| (7,710 | ) |
|
SCHEDULE OF CHANGES IN PROVISION FOR CREDIT LOSSES |
The
following table explains the changes in the provision of credit losses by grade of monitored credit risk quality indicator as of March
31, 2023 and 2024 and December 31, 2024:
SCHEDULE OF CHANGES IN PROVISION FOR CREDIT LOSSES
| |
Normal | | |
Attention | | |
Secondary | | |
Total | |
| |
RMB | | |
RMB | | |
RMB | | |
RMB | |
| |
| | |
| | |
| | |
| |
Balance at March 31, 2022 | |
| (1,805 | ) | |
| (74,783 | ) | |
| (247,783 | ) | |
| (324,371 | ) |
(Provision for)/reversal of credit losses | |
| (8,126 | ) | |
| (4,844 | ) | |
| 11,200 | | |
| (1,770 | ) |
Write-offs | |
| 3,341 | | |
| 74,519 | | |
| 230,987 | | |
| 308,847 | |
Payments from the borrowers or other recoveries | |
| - | | |
| 297 | | |
| 6,660 | | |
| 6,957 | |
Transfer from Normal to Secondary | |
| 6,590 | | |
| - | | |
| (6,590 | ) | |
| - | |
Transfer from Attention to Secondary | |
| - | | |
| 4,811 | | |
| (4,811 | ) | |
| - | |
Balance at March 31, 2023 | |
| - | | |
| - | | |
| (10,337 | ) | |
| (10,337 | ) |
Reversal of credit losses | |
| - | | |
| - | | |
| 1,719 | | |
| 1,719 | |
Payments from the borrowers or other recoveries | |
| - | | |
| - | | |
| 623 | | |
| 623 | |
Balance at March 31, 2024 | |
| - | | |
| - | | |
| (7,995 | ) | |
| (7,995 | ) |
Reversal of credit losses | |
| | | |
| | | |
| 285 | | |
| 285 | |
Balance at December 31, 2024 | |
| - | | |
| - | | |
| (7,710 | ) | |
| (7,710 | ) |
|
Loan Recognized as Result of Payment Under Guarantee [Member] |
|
Financing Receivable, Past Due [Line Items] |
|
SCHEDULE OF LOANS RECOGNIZED AS A RESULT OF PAYMENTS UNDER GUARANTEES |
An
aging analysis of loans recognized as result of payments under guarantees was as follows:
SCHEDULE OF LOANS RECOGNIZED AS A RESULT OF PAYMENTS UNDER GUARANTEES
| |
March 31, 2024 | | |
December 31, 2024 | |
| |
RMB | | |
RMB | |
| |
| | |
| |
Over 12 months | |
| 7,995 | | |
| 7,710 | |
Loans recognized as a result of payments under guarantees | |
| 7,995 | | |
| 7,710 | |
|
SCHEDULE OF BALANCE OF LOANS RECOGNIZED AS A RESULT OF PAYMENTS UNDER GUARANTEES MONITORED CREDIT RISK QUALITY INDICATOR |
The
balance of loans recognized as a result of payments under guarantees by grade of monitored credit risk quality indicator as of March
31, 2024 and December 31, 2024 were listed as below:
SCHEDULE OF BALANCE OF LOANS RECOGNIZED AS A RESULT OF PAYMENTS UNDER GUARANTEES MONITORED CREDIT RISK QUALITY INDICATOR
| |
March 31, 2024 | | |
December 31, 2024 | |
| |
RMB | | |
RMB | |
| |
| | |
| |
Normal | |
| - | | |
| - | |
Attention | |
| - | | |
| - | |
Secondary | |
| 7,995 | | |
| 7,710 | |
Loans recognized, net | |
| 7,995 | | |
| 7,710 | |
|