Sec : 36 (1) (viia)

This query is : Resolved 

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

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.)



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