What is the %age of provisions for debts in case of NBFC applicable for Nov,2012 exams??
Tehsinkhan Pathan
(CA CMA DISA(ICAI) B.COM)
(3956 Points)
Replied 30 July 2012
RBI has revised rates for NBFC for F.y. 2011-12 for Provision of Debts and issued notification in the month of May -dated 18 ..........
You may download attached notification ;-
| Category of Advances |
Existing Rate (%) |
Revised Rate (%) |
|
Sub- standard Advances • Secured Exposures • Unsecured Exposures • Unsecured Exposures in respect of Infrastructure loan accounts where certain safeguards such as escrow accounts are available. |
10 20 15 |
15 25 20 |
| Doubtful Advances – Unsecured Portion | 100 | 100 |
|
Doubtful Advances – Secured Portion • For Doubtful upto 1 year • For Doubtful > 1 year and upto 3 years • For Doubtful > 3 years |
20 30 100 |
25 40 100 |
| Loss Advances | 100 | 100 |
|
Restructured accounts classified as standard advances • in the first two years from the date of restructuring ; and • in cases of moratorium on payment of interest/principal after restructuring – period covering moratorium and two years thereafter. |
0.25 to 1.00 (depending upon the category of advance) | 2 |
|
Restructured accounts earlier classified as NPA and later upgraded to standard category • in the first year from the date of upgradation |
0.25 to 1.00 (depending upon the category of advance) | 2 |
Tehsinkhan Pathan
(CA CMA DISA(ICAI) B.COM)
(3956 Points)
Replied 30 July 2012
If you want to download only the revised rates then download attached file :-
CAclubindia
