Classification Based on Nature of Advance (Section A)
Different classifications under section A will be as follows:
(a) In classification under section ‘A’, all outstandings – in India as well as outside India – less provisions made, will be classified under three heads.
(b) Outstandings in credit card operations should be shown as part of advances under the head ‘cash credits, overdrafts and loans repayable on demand’.
(c) Term loans will be loans not repayable on demand and would include overdue instalments.
(d) All interest bearing loans and advances granted by the bank to its employees should be shown as part of advances.