Can anyone clarify me what is the general practice regarding the provisioning of NPA for nationalised as well as other scheduled banks? Is it statutory to provide for NPA provisions at branch level or the provisions will be provided only at H.O after consolidating the accounts.
Menu
Provisioning for npa of bank audit for f.y. 2011-12
Replies (1)
NPA provisioning is required to be done at every branch separately.
the rate of provision varies with the time with which the income accrue on an asset has been overdue.
its generally 3 months from the date its become first due.
Recent Threads
- Schedule 112A CSV template
- RNOR status and exemption on RFC account interest
- Upload error for ITR 2 filing after validation
- CCI Forum gets fresh Look ! Share your views
- Presumptive taxation 44AD BLOCK PERIOD
- FORM 27Q FILING
- TDS for Advance Maintenance
- GST on product purchased at MRP
- TDS on Joining Bonus
- How to complete form10E Table details for the year
Related Threads
CAclubindia
