Provisions for standard assets?

11 May 2012

can anyone tell me if there is a certain amount of provision required for the standard asset as well...if so how much is it???

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4 Replies

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CA PRAVEEN SINGH (MANAGER ACCOUNTS) (2277 Points)
Replied 11 May 2012

Yes agree with above...

Banks is required to maintain provision for standard assets 0.25%.

Rahul sarna (Student) (57 Points)
Replied 11 May 2012

Originally posted by : prem_chak
	can anyone tell me if there is a certain amount of provision required for the standard asset as well...if so how much is it???

Now it had been Revised to 0.4% . This will be the rate applicable for tomorrows exam . Thanks :)

Tony John (Chartered Accountant) (6085 Points)
Replied 12 May 2012

It is 0.4% thats applicable for May exams

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