Restructuring of advances
This query is : Resolved
Guest
Guest
(Querist)
09 March 2013
Can any Advance be classified as Standard upon restructuring ?
I am asking this because i read
when a standard asset is reconstructed it is classified as sub standard
when a substandard and doubtful assets are reconstructed they would continue to have the same asset classification
Loss assets cannot be restructured then
how can any Advance be classified as Standard upon restructuring ?
I am asking this because i read
when a standard asset is reconstructed it is classified as sub standard
when a substandard and doubtful assets are reconstructed they would continue to have the same asset classification
Loss assets cannot be restructured then
how can any Advance be classified as Standard upon restructuring ?
10 March 2013
Kindly refer to annexure 7 to the master circular issued on 2 July 2012 on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances.
https://www.rbi.org.in/scripts/BS_ViewMasCirculardetails.aspx?id=7357#9
https://www.rbi.org.in/scripts/BS_ViewMasCirculardetails.aspx?id=7357#9
Guest
Guest
(Querist)
10 March 2013
Thanks Sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Section 50-fixed asset-->building ceases to exist
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Putting a heading on received mail
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regarding Applicability of Tax Audit u/s 44AB
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
