Provision for NPA in banks
Shivam Chaurasia (20 Points)
09 September 2020
Provisions for NPA in Banks with classification of assets
3 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 09 September 2020
Classification is follows
1) Standard Assets - Not NPA
2) Sub- Standard Assets - Classified as NPA for a period of not exceeding 18 months
3) Doubtful Assets - Remain NPA for more than 18 months
4) Loss Assets - Loss has been identified by bank , Not recoverable .
Shivam Chaurasia
(20 Points)
Replied 09 September 2020
Thamks but can you help in provisioning rate ?
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 09 September 2020
Current rates you can confirm form banks .
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