NBFC----Urgent for CA FINAL Jan 21 FR paper
This query is : Resolved
18 January 2021
Hello experts,
In case of systematically important non deposit company......
General provision of 0.35℅ of outstanding standard asset is made...
But is there any amendment applicable for jan 21 exam in percentage from 0.35℅ to 0.40℅.
On standard asset in case of systematically important non deposit company?
Which ℅ is applicable here 0.35 or 0.40℅ ???????
GuiDe me as soon as possible.
Thank you
In case of systematically important non deposit company......
General provision of 0.35℅ of outstanding standard asset is made...
But is there any amendment applicable for jan 21 exam in percentage from 0.35℅ to 0.40℅.
On standard asset in case of systematically important non deposit company?
Which ℅ is applicable here 0.35 or 0.40℅ ???????
GuiDe me as soon as possible.
Thank you
09 July 2024
For systematically important non-deposit taking non-banking financial companies (NBFCs-ND-SI), the provisioning requirement on standard assets has indeed seen changes over time. As per the latest guidelines and updates from the Reserve Bank of India (RBI), the provisioning requirement for standard assets for such NBFCs is set at:
- **0.40% (40 basis points)** of the outstanding standard assets.
This change was implemented by the RBI as part of its efforts to strengthen the financial position and resilience of NBFCs. The revision from 0.35% to 0.40% became effective for provisioning purposes.
Therefore, for your January 2021 exam, the applicable provisioning requirement would be **0.40%**.
### Summary:
- **Previous Provisioning Rate**: 0.35%
- **Current Provisioning Rate**: 0.40% (applicable from the effective date as per RBI guidelines).
Make sure to refer to the most recent study materials or guidelines issued by the exam authorities to confirm this information, as regulatory guidelines can be subject to changes and updates.
- **0.40% (40 basis points)** of the outstanding standard assets.
This change was implemented by the RBI as part of its efforts to strengthen the financial position and resilience of NBFCs. The revision from 0.35% to 0.40% became effective for provisioning purposes.
Therefore, for your January 2021 exam, the applicable provisioning requirement would be **0.40%**.
### Summary:
- **Previous Provisioning Rate**: 0.35%
- **Current Provisioning Rate**: 0.40% (applicable from the effective date as per RBI guidelines).
Make sure to refer to the most recent study materials or guidelines issued by the exam authorities to confirm this information, as regulatory guidelines can be subject to changes and updates.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- ITC EXCESS CLAIM + RCM NOT PAID...BOTH FOR FY 2020-21......PAID IN FY 2024-25....EFFECT
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
