The following information are also given for SM Bank: Assets Standard Sub-Standard Doubtful: for 1 Year...
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The following information are also given for SM Bank: Assets Standard Sub-Standard Doubtful: for 1 Year (fully secured) for 1 to 3 Year (fully secured) for more than 3 Years in Lakhs 75,00 60,00 12,00 9,00 9,00 15,00 Loss Assets Additional Information: (1) Standard Assets includes 15,00 Lakhs Advances to Commercial Real Estate (CRE). (2) Out of 60,00 Lakhs of Sub-Standard Asset 20,00 Lakhs are unsecured. Unsecured amount includes $5,00 Lakhs in respect of Infrastructure Loan Accounts with ESCROW safeguard. (3) Doubtful Asset for more than 3 Years includes 4,00 Lakhs, which is covered by 50% ECGC, value of security of which is 150 Lakhs. You are required to find out the amount of provision to be shown in the Profit & Loss Account of SM Bank. The following information are also given for SM Bank: Assets Standard Sub-Standard Doubtful: for 1 Year (fully secured) for 1 to 3 Year (fully secured) for more than 3 Years in Lakhs 75,00 60,00 12,00 9,00 9,00 15,00 Loss Assets Additional Information: (1) Standard Assets includes 15,00 Lakhs Advances to Commercial Real Estate (CRE). (2) Out of 60,00 Lakhs of Sub-Standard Asset 20,00 Lakhs are unsecured. Unsecured amount includes $5,00 Lakhs in respect of Infrastructure Loan Accounts with ESCROW safeguard. (3) Doubtful Asset for more than 3 Years includes 4,00 Lakhs, which is covered by 50% ECGC, value of security of which is 150 Lakhs. You are required to find out the amount of provision to be shown in the Profit & Loss Account of SM Bank.
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