NBFC----Urgent for CA FINAL Jan 21 FR paper
This query is : Resolved
18 January 2021
Hello experts,
In case of systematically important non deposit company......
General provision of 0.35℅ of outstanding standard asset is made...
But is there any amendment applicable for jan 21 exam in percentage from 0.35℅ to 0.40℅.
On standard asset in case of systematically important non deposit company?
Which ℅ is applicable here 0.35 or 0.40℅ ???????
GuiDe me as soon as possible.
Thank you
In case of systematically important non deposit company......
General provision of 0.35℅ of outstanding standard asset is made...
But is there any amendment applicable for jan 21 exam in percentage from 0.35℅ to 0.40℅.
On standard asset in case of systematically important non deposit company?
Which ℅ is applicable here 0.35 or 0.40℅ ???????
GuiDe me as soon as possible.
Thank you
09 July 2024
For systematically important non-deposit taking non-banking financial companies (NBFCs-ND-SI), the provisioning requirement on standard assets has indeed seen changes over time. As per the latest guidelines and updates from the Reserve Bank of India (RBI), the provisioning requirement for standard assets for such NBFCs is set at:
- **0.40% (40 basis points)** of the outstanding standard assets.
This change was implemented by the RBI as part of its efforts to strengthen the financial position and resilience of NBFCs. The revision from 0.35% to 0.40% became effective for provisioning purposes.
Therefore, for your January 2021 exam, the applicable provisioning requirement would be **0.40%**.
### Summary:
- **Previous Provisioning Rate**: 0.35%
- **Current Provisioning Rate**: 0.40% (applicable from the effective date as per RBI guidelines).
Make sure to refer to the most recent study materials or guidelines issued by the exam authorities to confirm this information, as regulatory guidelines can be subject to changes and updates.
- **0.40% (40 basis points)** of the outstanding standard assets.
This change was implemented by the RBI as part of its efforts to strengthen the financial position and resilience of NBFCs. The revision from 0.35% to 0.40% became effective for provisioning purposes.
Therefore, for your January 2021 exam, the applicable provisioning requirement would be **0.40%**.
### Summary:
- **Previous Provisioning Rate**: 0.35%
- **Current Provisioning Rate**: 0.40% (applicable from the effective date as per RBI guidelines).
Make sure to refer to the most recent study materials or guidelines issued by the exam authorities to confirm this information, as regulatory guidelines can be subject to changes and updates.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST on reimbursement of expenses
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Equity Share Sale and Purchase
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
