Bankers Doubt

vaidya Nadhan (Retired Banker) (1 Points)

09 May 2023  

A Cooperative Urban Bank has purchased a property which was mortgaged by a borrower, whose account had become NPA and as no bidders were forth coming despite three auction attempts. 

Loan Outstanding - x amount 

Unrealised Interest - Y amount

BDDR Provision - X amount

Purchase Value of Property - M amount

Wish to know the proper entries for account the transaction.