State Bank of Travancore has informed that in the limited review report of the Bank for the quarter ended December 31, 2007, the Auditors of the Bank 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.
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.
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