In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Banking Act 1970 · 2020 Revised Edition · Part 4 · Reserve Funds, Dividends, Balance Sheets and Information
23. Maintenance of adequate provision for bad and doubtful debts
Feedback & supportEvery bank in Singapore must make provision for bad and doubtful debts and before any profit or loss is declared ensure that that provision is adequate.
bank in Singapore
Defined · s 2
“bank in Singapore” means —(a)a bank incorporated in Singapore; or(b)in the case of a bank incorporated outside Singapore, the branches and offices of the bank located within Singapore;