“As a further step towards converging with globally accepted prudential norms, it is proposed to adopt expected loss approach for loss allo...

NBFC borrowers, typically where there is cash collection, pay their overdues generally with some delays. Accounts can get into NPA category...

Non-bank lender’s have also sought exemption of TDS on interest income. Presently, tax is deducted at source at the rate of 30 per cent by ...

The report noted an increase in Expected Credit Loss (ECL) allowance by 33% and an overall increase in provision coverage rate by 26% as at...

At the peak of Covid pandemic beginning April this year, NBFCs were asked to provision over and above what was mandated by the Reserve Bank...

While Ind-AS 103 pertains to business combinations, Ind-AS 116 relates to principles for recognition, presentation and disclosure of leases...

IndRa has revised downwards its outlook on the sector to negative for 2020-21 from stable.

As per the brokerage, Vodafone Idea’s Q1FY20 performance was weak on all counts.

Avenue Supermarts is a largecap company, operating in retail sector.

Buy Indiabulls Housing Finance Ltd. at a price target of Rs 1700.

Overall, it’s a welcome change but it comes with lots of challenges to the NBFCs.

Unlike banks, NBFCs will adopt Ind-AS in the first quarter leading to higher loan loss provisioning requirement and volatile earnings.

Sharma said the impact of migration to Ind-AS from the present accounting system was factored-in during the infusion.

IndAS -- based on the IFRS9 standards created in the aftermath of the financial crisis -- would require banks to make provisions for expect...

The provisioning required for migration to Ind-AS along with asset quality overhang and Basel III transition would surge capital consumptio...

India is changing its accounting standards from GAAP to Ind-AS, the latter is on a par with IFRS from April next year.

India Inc is gearing up for transition towards a new set of accounting standards for preparing financial statements.