Banking companies

Accountancy

Provisioning for advances covered byECGC/DICGC guarantee. Why the percentage of provision is not given, if the period for which the advance has remained doubtful in D1 and D2 category of NPA in the case of secured asset ( they given 100 percentage of provision if the asset is doubtful for more than three years remained doubtful)

venkatesh sundharamoorthy

CA Final

★ 34K+

10-Mar-22 20:32

525

Answers (3)

Provision should be made only for the balance in excess of the amount guaranteed by these corporations.

Sudha Reddy

CA Final

★ 20K+

11-Mar-22 15:05

What if the unsecured portion in D1 anf D2 category of NPA , what is the provision for that

Thread Starter

venkatesh sundharamoorthy

CA Final

★ 34K+

11-Mar-22 16:38

Thread Starter

venkatesh sundharamoorthy

What if the unsecured portion in D1 anf D2 category of NPA , what is the provision for that

100% only , irrespective of d1 d2

Thread Starter

venkatesh sundharamoorthy

CA Final

★ 34K+

11-Mar-22 17:59