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State Bank of India has 6,000, 7% Debentures of ₹ 1,000 each outstanding for redemption

1.95K viewsNovember 1, 2023Redemption of Debentures

Anurag Pathak30.76K November 1, 2023 0 Comments

State Bank of India has 6,000, 7% Debentures of ₹ 1,000 each outstanding for redemption. How much amount it should transfer to Debenture Redemption Reserve?

Anurag Pathak Changed status to publish November 1, 2023

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Anurag Pathak30.76K Posted November 1, 2023 0 Comments

Solution:-

NIL

Banking companies (both public issue and private placement of debentures) are not required to create DRR for the purpose of Redemption of Debentures.

Anurag Pathak Changed status to publish November 1, 2023

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State Bank of India has 6,000, 7% Debentures of ₹ 1,000 each outstanding for redemption

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Anurag Pathak

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