RBI Notification on Implementation of IndAS by NBFC

Last updated: 13 June 2020

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This document is a notification from the Reserve Bank of India (RBI) regarding the implementation of Indian Accounting Standards (Ind AS) for Non-Banking Financial Companies (NBFCs) and Asset Reconstruction Companies (ARCs). It provides regulatory guidance on specific prudential aspects of Ind AS, focusing on areas like asset classification, provisioning, and regulatory capital. The guidelines are applicable from the financial year 2019-20 onwards and are intended to ensure consistent and high-quality implementation of Ind AS for better supervision and comparison of financial statements.

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Additional details of norma to be followed by NBFCs in regards to Ind AS, mainly in regards to Financial assets of the company. #pdf

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Submitted by Varsha singh · Posted 13 June 2020 · Other files by Varsha singh · Report

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