Provision for NPA in banks

09 September 2020

Provisions for NPA in Banks with classification of assets

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3 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14606 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 ) (14606 Points)
Replied 09 September 2020

Current rates you can confirm form banks .

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