Amendment made in banking companies act

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hello eveyone,

i heard that some amendments have arrived in accounts group 2 ( banking companies act) relating to the percentage of provision to be made for losses. so i need that new data. kindly provide me with the same.

please do reply as soon as possible.waiting for the answer.

 

Replies (1)
Originally posted by : Rahul Patel

hello eveyone,

i heard that some amendments have arrived in accounts group 2 ( banking companies act) relating to the percentage of provision to be made for losses. so i need that new data. kindly provide me with the same.
please do reply as soon as possible.waiting for the answer.

The amendment took place in the previous attempt, i.e. May 2012. Its regarding "Rates of provisioning for Non – Performing Assets". Kindly see the file attached herewith for the revised rates.

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