Sec : 36 (1) (viia)
This query is : Resolved
CA Chintan Parikh
(Querist)
24 February 2011
Dear Expert
we want some clarifaction regarding this section
My first query that only rural branch cover or other branch also cover
and other cover than co-operative cover or not
we want some clarifaction regarding this section
My first query that only rural branch cover or other branch also cover
and other cover than co-operative cover or not
CA PARAS BAFNA
(Expert)
24 February 2011
Persons covered under Section 36(1)(viia)-
1. A scheduled Bank
2. A non Scheduled Bank
3. A co-Operative Bank
(Other than a primary agriculture credit society or primary Co-Op agriculture and rural development bank.
All branches are covered.
For rural branches provision prescribed for B&D Debts is 10% whereas for other branches it is 7.5% (max.)
1. A scheduled Bank
2. A non Scheduled Bank
3. A co-Operative Bank
(Other than a primary agriculture credit society or primary Co-Op agriculture and rural development bank.
All branches are covered.
For rural branches provision prescribed for B&D Debts is 10% whereas for other branches it is 7.5% (max.)
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