Question

QUOOLIUM What is the Rate of Provision of Statutory Reserve ?
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Answer 1

Explanation:

As per the guideline set under the banking regulation act of any country, each banking company is required to transfer a certain portion of profits or Net Assets to a fund known as “Reserve Fund” or statutory reserve. Rates may vary from country to country from 1 to 30% or even more.

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Answer 2

❥ A᭄nswer✭࿐

Banking Company :- As per the guideline set under the banking regulation act of any country, each banking company is required to transfer a certain portion of profits or Net Assets to a fund known as “Reserve Fund” or statutory reserve. Rates may vary from country to country from 1 to 30% or even more.