Student Community

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

441 viewsNovember 1, 2023Redemption of Debentures

Anurag Pathak26.69K 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

Add a Comment

1 Answer

Anurag Pathak26.69K 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

Add a Comment

Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 7585

Telegram Channel

Telegram Channel

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

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

Related Questions