npa norms

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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

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

kyc norms in purchase of gold


Sir I want to know whether purchase of gold jewellery of any value requires kyc And same to be informed to income tax department by a Jeweller

Unpaid tds on immovable property read more at: http://www.c


Dear All My Name is Sandip Sawant i m Indian but Non Resident in India for last 4 Years i did t filed Income Tax Return I have purchased property of Rs 75 Lakhs and till date i have paid approx Rs 52 Lakhs slabwise payment I did not know about TDS on immovable property till date i didn t pay TDS on

Discussion

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

Nbfc non systemically important prudential norms

Dear All If one of the group companies is a systamically important company means NBFC not acceptingpublic deposits and having total assets of Rs 500 crores and more as shown in last audited balance sheet Then the other group company which is NBFC doesnt meet the criteria of the above can it be consi

Npa

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

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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


How to reduce NPA?


We all know that NPAs of banks are on ever rising mode and no matter how hard government tries it cannot do much in order to clear the balance sheet of banks Every business have certain inherent risks fortunately or unfortunately for banks inherent risk is non recovery of loans given and inherent ri


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Updated on : 5/22/2017 2:48:15 PM


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