1)the days of NPA?
2)pls solve,,,,,
packing credit o/s from food processors RS 60 againt which the bank holds securities worth RS 15....,40% of the above advane is covered by ECGC..the above advance has remained doubtful for more than 3 year...
jyothish kumar.g (no) (162 Points)
20 March 2013
1)the days of NPA?
2)pls solve,,,,,
packing credit o/s from food processors RS 60 againt which the bank holds securities worth RS 15....,40% of the above advane is covered by ECGC..the above advance has remained doubtful for more than 3 year...
Ganeshbabu K
(Audit and Tax Advisory)
(48564 Points)
Replied 20 March 2013
loan outstanding is=rs.60
ecgc cover=40%
so value of risk adjusted assets=rs60*60%=rs36/-
I recommend you to thorough with rtp and compilation of institute
however ipcc compilations not available you go with suggested answers of ipcc and compilation of pcc accounts,
thanks
Ganeshbabu
Vaisakh Ayyappan Prakash(VAP)
(student)
(474 Points)
Replied 20 March 2013
ganesh babu i may be wrong but i think this is the solution Amount outstanding (packing credit) 60 Less : Realisable value of securities 15 60-15 =45 Less : ECGC cover (40%) = 18 Balance (45-18) = 27 Required provision : Provision for unsecured portion (100%) 27.0 Provision for secured portion (100%)* 15.0 42.0
purshotam vohra
(CA IPCC)
(138 Points)
Replied 20 March 2013
solution given by V.A.P iz correct ;-D
As provn would be created only on unsecure one and rs 15 is already secured
and from Rs45 - 40% is given cover