Asset classification

Sayan Kr Mukherjee (student) (102 Points)

18 April 2009

Please tell me the provision required in asset classification.(Banking)

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triumph-CMA (Chartered Accountant) (503 Points)
Replied 19 April 2009

The assets are classified in to

Standard

Sub standard

Doubtful and

Loss assest

triumph-CMA (Chartered Accountant) (503 Points)
Replied 19 April 2009

Inthe case of standard assets required provision is 0.40%

Sub standard assets 10%

Doubtful (unsecured portion) 100%

Doubtful (secured portion)

up to1 year 20%

2 to 3 year 30%

more than 3 year 100%

Sayan Kr Mukherjee (student) (102 Points)
Replied 20 April 2009

Thank u Sir 4 ur valuable answer.

triumph-CMA (Chartered Accountant) (503 Points)
Replied 20 April 2009

Its ok dear

RAMSANKAR MISHRA (service) (44 Points)
Replied 22 April 2009

Mr. Dhirendra Can u elaborate it a bit more.

Provision for what ??

Please make me clear .

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