Provisioning for npa of bank audit for f.y. 2011-12

Suraj S (Audit Executive) (335 Points)

29 March 2012  

Can anyone clarify me what is the general practice regarding the provisioning of NPA for nationalised as well as other scheduled banks? Is it statutory to provide for NPA provisions at branch level or the provisions will be provided only at H.O after consolidating the accounts.