abhishreshthaa
Abhijeet S
VALUATION
a) Held to Maturity :
i) Investments classified under this category are valued at the year end at the acquisition cost, except where the acquisition cost is more than the face value, in which case the premium is amortised over the remaining maturity period.
ii) In the case of investments in subsidiaries / joint ventures, any dimuniton in value, other than temporary is recognized and provided for each investment individually. Investment in RRB is valued at carrying cost.
iii) Profit on sale of investments in this category is first taken to Profit and Loss account and thereafter appropriated to the Capital Reserve Account. Loss on sale is recognized in the profit and loss account.
a) Held to Maturity :
i) Investments classified under this category are valued at the year end at the acquisition cost, except where the acquisition cost is more than the face value, in which case the premium is amortised over the remaining maturity period.
ii) In the case of investments in subsidiaries / joint ventures, any dimuniton in value, other than temporary is recognized and provided for each investment individually. Investment in RRB is valued at carrying cost.
iii) Profit on sale of investments in this category is first taken to Profit and Loss account and thereafter appropriated to the Capital Reserve Account. Loss on sale is recognized in the profit and loss account.