The new arrangement has come as a big relief to banks and financial institutions, as they will now be able to calculate the interest accrued up to 15th of Shrawan in their financial statements for Asard itself.
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Banks and financial institutions will also be able to calculate the interest accrued up to 15th of Shrawan (current fiscal year) in the financial statements of Ashar (current fiscal year). Such a facility has been provided in the circular issued by the National Bank.
The new arrangement has come as a great relief to banks and financial institutions. Because now they will also be able to calculate the interest accrued up to 15th of Shrawan in the financial statements of Ashar.
The National Bank has amended the integrated directive and provided a grace period until 15th of Shrawan to collect the interest accrued up to mid-Ashar.
