J@$preet (Article CA-Final) (149 Points)
27 April 2012What is the %age of provisions for debts in case of NBFC applicable for May,2012 exams???
IS IT THE FOLLOWING:-
Standard - 0.40%
Sub Standard (Secured)
0-1year - 20%
1-3years - 30%
above 3 years - 100%
Unsecured - 100%
Loss Asset - 100% ???????
Please correct me if am wrong.
Thanks in advance.......
sumit
(CA final Student)
(151 Points)
Replied 27 April 2012
Gaurav Aggarwal
(CA Student)
(46 Points)
Replied 27 April 2012
Anoop kumar
(Article)
(570 Points)
Replied 27 April 2012
NBFC Provisioning %
Standard - 0.25%
Sub Standard (Secured)
0-1year - 20%
1-3years - 30%
above 3 years - 50%
Sub Standard (Unsecured) - 100%
Loss Asset - 100%
Refere new study material AND practice Mannual issued by icai to verify himself.
manoj
(student)
(5205 Points)
Replied 27 April 2012
Standard Assets- 0.25%
Sub Standard Assets
0-1year - 20%
1-3years - 30%
above 3 years - 50%
Loss and Sub Standard (Unsecured) - 100%
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i m still confused which one r to b appled either the mentioned below or 0.25%,10%,20%,30%,50%,100%,100% respectively Originally posted by : Gaurav Aggarwal |
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Standard-0.40% Sub-standard-15% Doubtful- 1Yr-25% Doubtful- 1Yr to 3Yrs-40% Doubtful- more than 3Yrs-100% Loss Assets-100% Unsecured-100% |
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please reply soon exams is on 2nd
Gaurav Aggarwal
(CA Student)
(46 Points)
Replied 01 May 2012
i m sure as u can refer the may 2012 RTP itself
for nov11 attempt standard rate was .40%
in may 2012 RTP changed rates are written & there is no where stated abt standard assets rate so it would be same as .40% & rest are in RTP also as I Stated
Gaurav Aggarwal
(CA Student)
(46 Points)
Replied 01 May 2012
all should refer RTP for this as all who r confused r the students who could not make it clear in nov 2011 i think so
so only RTP is our hope for this as i m also going to appear in may12 Grp 2 exams as i was not able to make it in nov11
Regards
Gaurav Aggarwal
CAclubindia
