Banking co. act
This query is : Resolved
12 October 2013
SIR I WANT TO NEW AMENDED RATE OF PROVISION FOR DOUBTFUL DEBTS AS PER BANKING CO. CHAPTER
12 October 2013
100% provisioning on unsecured portion of the doubtful debt.
25% provisioning on secured portion of debt - upto 1 year of becoming the debt NPA.
40% - beyond 1 yr upto 3 years.
100% -post 3 years.
25% provisioning on secured portion of debt - upto 1 year of becoming the debt NPA.
40% - beyond 1 yr upto 3 years.
100% -post 3 years.
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