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| Exchange Received Time 01/11/2018 17:16:28 Exchange Disseminated Time 01/11/2018 17:16:33 Time Taken 00:00:05 | Please find the following clarification on note no.4 of Notes to Accounts forming part of Reviewed Financial Results of Bank for the quarter/half year ended September 30, 2018:
Note No. 4:
During the half year ended September 30, 2018 loans and advances amounting to Rs.941.27 crore (Rs.894.77 Crore during the quarter) have been classified as fraud in terms of RBI Circular DBR.No.BP.BC.83/21.04.048/2014-15 dated April 1, 2015 and DBR.No.BP.BC. 92/21.04.048/2015-16 dated April 18, 2016. Bank has made provision of Rs.845.46 crore for the half year ended September 30, 2018 in respect of such accounts and balance amount of Rs.95.81 crore shall be made in coming quarters in line with RBI directives.
Please read Note No. 4 as under:
During the half year ended September 30, 2018 loans and advances amounting to Rs.941.27 crore (Rs.894.77 Crore during the quarter) have been classified as fraud in terms of RBI Circular DBR.No.BP.BC.83/21.04.048/2014-15 dated April 1, 2015 and DBR.No.BP.BC.92/21.04. 048/2015-16 dated April 18, 2016. Bank has made provision of Rs.94.36 Crore for the half year ended September 30, 2018 (Provision held upto September 30, 2018 is of Rs.845.46 Crore) in respect of such accounts and balance amount of Rs.95.81 crore shall be made in coming quarters in line with RBI directives.
We request you to take the above information on record.
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