Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 3- (Total 12 marks) A company was availing running finance facility of Rs.45,000,000 It has been secured with following assets, Shares of listed companies
Question 3- (Total 12 marks) A company was availing running finance facility of Rs.45,000,000 It has been secured with following assets, Shares of listed companies rated A Rs.3,000,000 FSV of mortgage property 25,000,000 Lien on bank deposit 1,200,000 Outstanding principle balance is Rs.30,090,000 Principle has been overdue by more than 10 months. Required: Calculate the amount of provision required to be maintained and assign appropriate classification category, if the classification is made for the first year
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started