Model: NPA—Provisions to be created On 31 March 2011, Indian Inland Bank Ltd. finds its advances classified as follows:
|
Standard Assets |
20,60,500 |
|
Sub-standard Assets |
1,10,000 |
|
Doubtful Assets : (Secured) |
|
|
: Doubtful for 1 Year |
40,000 |
|
: Doubtful for 1-3 Years |
25,000 |
|
: Doubtful for More Than 3 Years |
10,500 |
|
Doubtful Assets: (Unsecured) |
22,000 |
|
Loss of Assets |
15,500 |
Calculate the amount of provision to be made by the Bank against the above-mentioned advances.