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INDAS ACCOUNTING
RBI tightens rules on NBFC lending to defaulting borrowers; seeks board-approved policyReserve Bank of India is scrutinizing shadow banks. Several non-banking finance companies face questions regarding their policy on lending ...- Budget touches upon govt's aim to create big home-grown accounting firmsThe Union Budget aims to bolster home-grown accounting and advisory firms by integrating Income Computation and Disclosure Standards into I...
- IndAS117: Challenges and opportunities for Indian insurersThe implementation of IndAS117 has cost the insurance industry around $20 billion. Although challenging, it promises enhanced transparency ...
- PFC, REC shares fall up to 12%. CLSA says don't worry about impact of RBI normsShares of PSU financers PFC, REC, and IREDA tumbled up to 12% today as RBI raised provisioning requirements during the construction phase o...
- upGrad in FY 23 doubles Revenue - loss remains the same
- Coronavirus impact: NBFCs urge RBI to allow draw-down from reserves for provisioning"We urge upon RBI to consider, as a one-time measure, to allow NBFCs to draw-down from their Reserves and adjust towards additional Expecte...
- Mahindra Finance mulls raising ₹ 26k croreNBFC’s stocks post the announcement of the quarterly results, plunged 15% to a two year low.
- Reliance Capital reports Rs 213 crore Q3 profitThe company said its total income fell to Rs 5,016 crore from Rs 5,386 a year ago.
- Implications of Indian Accountancy Standard on NBFCsOverall, it’s a welcome change but it comes with lots of challenges to the NBFCs.
- Rs 870 crore exposure to group company hits Shriram Transport stockFor the first time, Shriram Transport Finance’s annual report disclosed guarantee to a group company.
- New NPA framework not to cut Axis Bank too deep, says Shikha SharmaSharma said the impact of migration to Ind-AS from the present accounting system was factored-in during the infusion.
- $30 billion hit looms for Indian banks on new accounting ruleIndAS -- based on the IFRS9 standards created in the aftermath of the financial crisis -- would require banks to make provisions for expect...
- ‘Bad loans may rise in power sector’Consumer credit and small business will grow faster than the overall book. If you look at the investments, data and analytics are very much...
- Biocon shares fall 3% on poor Q1 showPromoters held 60.67 per cent stake in the company as of June 2017.
- Companies to face Minimum alternate tax on dividend payout, debt recastCompanies that had announced dividend or restructured debt in the previous financial year will face this liability in the current financial...
- FM Arun Jaitley may drop tough tax accounting rulesICDS, which are accounting standards for income tax (I-T) purposes, resulted in a greater administrative burden and also advanced recogniti...
- Higher power purchase costs eats into profits at CESCCESC’s net profit for the quarter under review was Rs 174 crore, against Rs 173 crore in the previous corresponding period.
- Electrosteel Castings reports 86% rise in profit for June quarterThe EBITDA margins for the period showed improvement on account of reduction in material cost and increased operational efficiencies.
- Tata Power net profit plunges 76% to Rs 72 croreThe company had posted a consolidated net profit after taxes, minority interest and share of profit of associates of Rs 303.14 cr in the ye...
- CIL puts share buyback plan of its subsidiaries on holdCIL has put on hold share buyback plan until they switch from the current reporting format for financial results to new Indian Accounting S...
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