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A company was availing running finance facility of Rs. 55,000,000. It has been secured with following securities: Lien on Bank Deposits Rs. 1,500,000 Shares of

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A company was availing running finance facility of Rs. 55,000,000. It has been secured with following securities: Lien on Bank Deposits Rs. 1,500,000 Shares of listed companies rated A Rs. 2,500,000 Certificates of investment rated B Rs. 100,000 FSV of mortgage property Rs. 30,000,000 Outstanding principal balance is Rs. 22,250,000. Principal has been overdue by more than 360 days. Calculate the amount of provision required to be maintained and assign appropriate classification category, if the classification is made for the first year. A company was availing running finance facility of Rs. 55,000,000. It has been secured with following securities: Lien on Bank Deposits Rs. 1,500,000 Shares of listed companies rated A Rs. 2,500,000 Certificates of investment rated B Rs. 100,000 FSV of mortgage property Rs. 30,000,000 Outstanding principal balance is Rs. 22,250,000. Principal has been overdue by more than 360 days. Calculate the amount of provision required to be maintained and assign appropriate classification category, if the classification is made for the first year

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