Ch 5 · Accounts of Banking Companies

📘 Core concepts

1. 1Governed by Banking Regulation Act 1949 & RBI guidelines.
2. 2Form A (Balance Sheet) and Form B (P&L) under Third Schedule.
3. 3NPAs: Standard, Sub-standard (≤12 months), Doubtful, Loss assets.
4. 4Provisioning percentages vary by asset classification (RBI norms).
5. 5Statutory reserve: ≥25% of net profit before any dividend (Sec 17).