Other Assets
The following items broadly are to be disclosed under the head ‘Other
Assets’:
| · Inter-office adjustments (net) | · Stationery and stamps |
| · Interest accrued | · Non-banking assets acquired in satisfaction of claims |
| · Tax paid in advance/tax deducted at source | · Others |
As per RBI Circular no. DBOD.BP.BC.24/21.04.048 of March 30, 1999, credit card outstanding is not to be included under ‘Other Assets’. Instead, they have to be shown as part of advances.
As per RBI circular DBOD.BP.BC.83/21.01.002/2000-01 of February 28, 2001, all loans and advances given to staff, which are non-interest bearing should be included in item ‘Others’ under ‘Other Assets’ and should not be reflected as ‘Advances’ .