CENTRAL BANK OF INDIA Accounting Policy

1. Basis of Preparation:


The abridged Financial Statements have been prepared on the basis of the audited standalone financial statements of the Bank for the year ended March 31, 2017 (hereinafter referred to as ''''Annual Standalone Financial Statements'''') pursuant to notification of Ministry of Finance, Government of India vide its letter No.F.No.7/116.2012-BOA dated August 1, 2012.


2. Significant Accounting Policies:


Significant accounting policies of the Bank are contained in Schedule 17 of the ''''Annual Standalone Financial Statements''''.


3. Notes to Accounts and other Disclosures:


Notes to Accounts and other disclosures are contained in Schedule 18 of the Annual Standalone Financial Statements.


4. Attention is invited in the Auditor’s Report on following matter:


a. In terms of RBI guidelines DBOD No.BP.BC.57/62-88 dated December 1988, Inter-Bank Participation Certificates (IBPC) of Rs.22,991.22 Crores have been issued on risk sharing basis for a maximum period of 180 days, thereby reducing the Bank''''s Total Advances as on 31.03.2017 to same extent.


CIN: U67190WB2003PTC096617. Trading in Commodities is done through our Group Company Dynamic Commodities Pvt. Ltd. The company is also engaged in Proprietory Trading apart from Client Business.
“2019 © COPYRIGHT DYNAMIC EQUITIES PVT. LTD.”

Disclaimer: There is no guarantee of profits or no exceptions from losses. The investment advice provided are solely the personal views of the research team. You are advised to rely on your own judgment while making investment / Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. You should read and understand the Risk Disclosure Documents before trading/Investing.

Disclosure: We, Dynamic Equities Private Limited are also engaged in Proprietory Trading apart from Client Business. In case of any complaints/grievances, clients may write to us at compliance@dynamiclevels.com

  • Download our Mobile App
  • Available on Google Play
  • Available on App Store
  • RSS