Undisclosed reserve kept by Banking company

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DISHANT DOSHI (Querist)
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01 November 2009 What is the purpose of keeping undisclosed reserve by banking company? How it is created? Is it legally allowed as it is not True & Fair picture of Financial Statement.What is the second effect of Undisclosed reserves.

Ram Avtar Singh

Ram Avtar Singh (Expert)
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01 November 2009 Undisclosed Reserves are generally described as such only in the banking industry as it applies to capital requirements and are designated as Tier 2 capital along with revaluation reserves and general provisions. Tier 1 or, core, capital is mainly composed of stockholders' equity in the company.

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Undisclosed reserve kept by Banking company

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