08 August 2010
A bank has restructured various advances. Whether provisions of A S-28 will be applicable on the bank by virtue of internal indicator that entity has made provisions for restructuring its asset.
10 August 2010
Advances in case of bank are cash generating units ,i.e these generate inflows in the form of interest.The restructuring may be either due to revaluation of the same to recoverable amount ,which may result in impairment loss or due to reversal of impairment loss when it becomes apparent that the CGUs has again become viable.This is my interpretation of applicability of AS 28 to banking companies.However opinion of the experts with practical experience is solicited.
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