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What is the percentage transferred to statutory reserve (is that 25% ) or any change and .....how much investment can be held by bank as LONG TERM INVESTMENT ? (25% or 23%)?

kalees waran

CA Final

★ 195

09-Nov-23 12:28

285

Answers (1)

Best Answer

Transfer to statutory reserve= 25% Bank need to categorise it's 75% investment as current investment. Rest is held for maturity.

Jitendra Kumar

CA Final

★ 41K+

10-Nov-23 08:02