WebApr 14, 2024 · Bank funding to NBFCs has grown rapidly to Rs 13.1 lakh crore in February 2024 from a low Rs 3.9 lakh crore in FY17, growing at a CAGR of 22 per cent, which is … WebRoadmap for Ind AS implementation (For NBFCs) 1. Applies to Holding, subsidiaries, joint ventures and associate companies o f above companies. 2. Applicable to both standalone …
IFRS Notes MCA issued Ind AS presentation format (Schedule …
Web13 hours ago · Published On Apr 15, 2024 at 08:00 AM IST. The Reserve Bank of India ( RBI) has released the framework for acceptance of Green Deposits to encourage regulated entities (REs) to offer green deposits to customers. As per the guidelines, the REs include all the SCBs, SFBs, NBFCs, and HFCs with the aim to protect interest of the depositors, aid ... WebApr 8, 2024 · These accounting rules are popularly known as the Ind-As. They were to be adopted in a staggered manner. Corporates with networth Rs 500 crore were the first to make a switch to the new accounting regime (FY16); then the Corporates either listed or having networth exceeding Rs 250 crore made a move (FY17). sideways up
Overview of Accounting Standards and its Applicability
WebMar 16, 2024 · The Reserve Bank of India rolled out regulatory guidelines for implementing Indian Accounting Standards (Ind AS) by Non-Banking Financial Companies (NBFCs) and Asset Reconstruction Companies (ARCs) whilst preparing their financial results. In this article we shall take a look at the guidelines for Ind AS implementation. WebJan 27, 2024 · Leading non-banking financial companies (NBFCs) in India as of August 2024, by market capitalization (in billion Indian rupees) Premium Statistic Return on assets Bajaj Finance Limited FY 2024-2024 WebJun 5, 2024 · Indian company which is a subsidiary, associate, joint venture and other similar entities of a foreign company shall prepare its financial statements in accordance with the Indian Accounting Standards (Ind AS) either voluntarily or mandatorily if it meets the criteria as specified in sub-rule 6. sideways union symbol