Banking Regulation Amendment Ordinance 2017 Notified for NPA Assets
BANKING REGULATION (AMENDMENT) ORDINANCE 2017 Download BANKING REGULATION (AMENDMENT) ORDINANCE 2017
Tag Archives: NPA
No Tax on Interest accrued on banks NPA on notional basis
HIGH COURT OF KARNATAKA Commissioner of Income-tax, Belgaum v. Shri Siddeshwar Co-Operative Bank Ltd. ANAND BYRAREDDY AND L. NARAYANA SWAMY, JJ. IT APPEAL NOS. 200004 TO 200008 OF 2014 & 200001 OF 2015 JUNE 22, 2016 Ameet Kumar Deshpande and Y.V. Raviraj, Advocates for the Appellant. G. Venkatesh and A. Shankar, Advocates for the Respondent.… Read More »
Amended definition of NPA u/s 2 of SRFAESI act is Valid : Supreme Court
Issue Section 2(1)(o) of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 defines NPA. Prior to its amendment by Act 30 of 2004, NPA is defined as ‘an account of a borrower which has been classified’ by a CREDITOR either ‘as a sub-standard asset or a doubtful asset or… Read More »
Credit facility become NPA , preference shares issued would also be treated as NPI
Source Reserve Bank of India RBI/2015-16/283 DBR.No.FID.FIC 5/01.02.00/ 2015-16 January 07, 2016 All-India Term-Lending and Refinancing Institutions (EXIM Bank, NABARD, NHB and SIDBI) Dear Sir/ Madam Master Circular- Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by FIs- Amendment Please refer to Paragraph No.2.5.3.4 (iii) of Master Circular DBR.No.FID.FIC.3/01.02.00/2015-16 dated July 01, 2015… Read More »