Please tell me the provision required in asset classification.(Banking)
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Asset classification
Replies (5)
The assets are classified in to
Standard
Sub standard
Doubtful and
Loss assest
Inthe case of standard assets required provision is 0.40%
Sub standard assets 10%
Doubtful (unsecured portion) 100%
Doubtful (secured portion)
up to1 year 20%
2 to 3 year 30%
more than 3 year 100%
Thank u Sir 4 ur valuable answer.
Its ok dear
Mr. Dhirendra Can u elaborate it a bit more.
Provision for what ??
Please make me clear .
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