State Bank of Travancore has informed that in the limited review report of the Company for the quarter ended September 30, 2007, the Auditors of the Company have made the following observations:
Reference is invited to Sl. No 2 of Notes of the statement of Reviewed financial results relating to manner of recognition and the amount of provision in respect of Employee Benefits as required by Accounting Standard 15 (Revised 2005) issued by the Institute of Chartered Accountants of India. The effect of such provisioning is at present not ascertainable.
Saturday, November 17, 2007
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