npa norms

News

Ordinance passed by govt empowering RBI to tackle NPA


The promulgation of Banking Regulation Amendment Ordinance 2017 will lead to effective resolution of stressed assets particularly in consortium or multiple banking arrangements The Ordinance enables the Union Government to authorize the Reserve Bank of India RBI to direct banking companies to resolv

ICAI issues mandatory KYC norms for its members


ANNOUNCEMENT OF KYC NORMS All the members of Institute of Chartered Accountants of India ICAI who are in practice are hereby informed that the Council has formulated the Know Your Client KYC norms at its 356th Meeting held on 29th 30th June and 1st July 2016 KNOW YOUR CLIENT KYC NORMS The financial

Applicability of Amendments for Nov 2016 Final Exams


Applicability of Standards Guidance Notes Legislative Amendments etc for November 2016 Final Examination Paper 1 Financial Reporting I Framework for the Preparation and Presentation of Financial Statements II Accounting Standards AS No AS Title 1 Disclosure of Accounting Policies 2 Valuation of Inve

Easing of Compliance Norms Under Companies Act


After commencement of various provisions of the Companies Act 2013 and rules thereunder various issues received from Industry Chambers and stakeholders were examined in consultation with stakeholders In order to address the issues received certain rules have been amended The compliance norms whereve

Appointment of Central Statutory Auditors in PSBs


Norms on Eligibility Empanelment Selection of Central Statutory Auditors in PSBs Detailed information has been attached herewith

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Experts Opinions

leaving Genpact before 1 year


HI ALL ANYONE IN THE FORUM HAS WORKED FOR GENPACT AND LEAVE BEFORE 1 YEAR DO YOU REQUIRE TO RETURN WHOLE JOINING BONUS OF 1 LACS OR PARTIAL

Capital norms


T AND A IS BROTHER DUE TO INHERITANCE IN PROPERTY A GET SOME PROPERTY AS HOUSE THAN A SELL THIS TO T FOR CONSIDERATION OF RS 25 LAKH MODE AS RS 12 LAKH CHEQUE AND RS 10 LAKH AS CASH ALL AMOUNT DEPOSITED IN BANK DEPT ISSUE NOTICE FOR THIS RS 10 LAKH BUT T EXECUTED DEED AS DONATION DEED AND SHOW PROPE

Npa recognition for cc account


A cash credit limit remains overdue due to non payment of interest for 88 day and on 89th day and account holder pays all the overdue amount which brings the outstanding balance of the account marginally below the CC limit And the same process is repeated for the whole year Credit summations are onl

Npa


Wen is asset said to be npa When it is overdue for 90 days ya 6mnths

Npa classification for bank audit


Under what are the situations that an SME advances can be classified as NPA

Discussion

Clarification on packed and unpacked, branded and unbranded

Dear Members Please guide me as to what is to be treated as Packed and Unoacked goods and also guide me as to what be treated as Branded and Unbranded goods As a pulses dealer person sales a 25 kgs of Toordall in a container having some brand name Not registered under Trade Mark Law will it be treat

Can loss making listed had not provided interest & npa a/c

Hello Every one My Self Dhaval Darjee I have query regarding provision not made by listed companyfor payment of interest on bank loan such company suffred heavy loss during last financial year Q 1 how auditors make qulification in audit report Q 2 is the action of the company is valid Q 3 plz share

Query on financing on npa, which is take over by a other co

suppose company Y become NPA Co X take over co Y is there any possiblities that can co Y get loan can any bank finance on Asset which is NPA is there any RBI circular please share thank u very much

Fdi norms relating to sell fmcg products by foreign company to end consumer

In India foreign companies selling fmcg goods directly to end consumer by making business card andadd ons card 70 to 80 customers buys goods for their own house Is it violating the fdi norms or not From where I can get all information relating to this point such as fdi norms laws rules and regulatio

Investment norms of gic

20 of assets to be invested in govt securitiesz atleast 10 in govt approved and balance in any other Why such provision created for general insurance only

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Articles

Who is responsible for account becoming NPA?


Recently I have undertaken an assignment of dealing with the legal proceedings initiated by three nationalized banks under SARFAESI Act of a Corporate Company who are service providers to infrastructure projects initiated by the State Governments and Central Government and some of them are being fin


Unpaid or Unclaimed Dividend


The word Dividend has origin from the Latin word Dividendum It means a thing to be divided Dividend means the portion of the profit received by the shareholders from the companys net profit which is legally available for distribution among the members Therefore dividend is a return on the share capi


Unpaid/ unclaimed dividend


The word Dividend has origin from the Latin word Dividendum It means a thing to be divided Dividend means the portion of the profit received by the shareholders from the companys net profit which is legally available for distribution among the members Therefore dividend is a return on the share capi


Ganpati bring GST early next year


Arjuna Fictional Character Krishna we celebrate Ganpati festival with full of joy enthusiasm President of India as well as state government of many states has accepted the GST due to this its easier for GST to be implemented in our country The last days of this festival are coming By giving Ganpati


NPA in banks - Causes and solutions


Dear friends Now a days we all are facing a crucial issue of NPA of all public sector banks Many large banks including SBI PNB have reported huge NPA of their industrial clients Govt has been making efforts for solving the issue changing laws issuing directives etc but it seems that everybody is try


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Updated on : 6/24/2017 10:38:20 AM


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