what are the latest prudential norms issued by rbi regarding classification of npa(s) and provisioning thereon in respect of NBFCs. a link to the concerned circular is also required.
1 Replies
Rohit Mohan
(Manager- Finance cum Company S)
(38 Points)
Replied 24 March 2008
Latest RBI guidelines in respect of NPA Provisioning are NBFC (Deposit Accepting or Holding) companies prudential norms directions, 2007. The same are also there for non-deposit accepting nbfc's. Also separate guidelines have been issued for Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances. Following link can be used.
https://www.rbi.org.in/scriptts/NotificationUser.aspx?Mode=0&Id=3652
Recent Topics
- Gratuity under CTC
- GST refund paid as estimated tax liability
- Salary Income and Professional services income
- Sec 54 and TDS on sale of property
- Airbnb Manager - I manage properties for owners
- Wrong head ed for late fee
- Inter Company trnafer
- Job work-Reg
- Who is liable to pay GST if bank charges excl GST
- Cost of Acquisition IPO cases
Related Threads
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
