Menu
Nbfc provision
what is the provision rate on Standard Asset in case of NBFC- .25% or .40%? (applicable in Ca exam)
Replies (3)
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
Is this applicable for CA exam or not?
Yes, please read the circular carefully to take note on what kind of assets, provisioning is made at 0.25% and on those at 0.40%.
Recent Threads
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
Related Threads
CAclubindia
