Nbfc provision
Tarika Jain (5 Points)
07 March 2016Tarika Jain (5 Points)
07 March 2016
Sathish M
(Management Accountant)
(40581 Points)
Replied 07 March 2016
Provisioning for Standard Assets
8.14 At present, every NBFC is required to make a provision for standard assets at 0.25% of the outstanding. On a review of the same, the provision for standard assets for NBFCs-ND-SI and for all NBFCs-D, is being increased to 0.40%. The compliance to the revised norm will be phased in as given below:
0.30% by the end of March 2016
0.35% by the end of March 2017
0.40% by the end of March 2018
Source: RBI/2014-15/299 - DNBR (PD) CC.No. 002/03.10.001/2014-15 circular
Link: https://rbi.org.in/scriptts/NotificationUser.aspx?Id=9327
Sathish M
(Management Accountant)
(40581 Points)
Replied 07 March 2016
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