Question
On Oct 2022, RBI included how many non-banking finance
companies (NBFCs) in the “upper layer” under the scale-based regulatory framework?Solution
The Reserve Bank of India (RBI) released a list of large non-banking finance companies (NBFCs) who have been put in the “upper layer” under the scale-based regulatory framework. It includes Tata Sons, the holding company of the Tata Group alongwith almost all large NBFCs, including Bajaj Finance, LIC Housing Finance, Shriram Transport Finance, L&T Finance, Piramal Capital & Housing Finance, PNB Housing Finance, Tata Capital, Aditya Birla Finance, HDB Financial Services and Mahindra and Mahindra Financial Services.
If tax rate changes, which of these statements is true for deferred tax?
A customer purchases a general insurance policy covering fire and burglary. The insurer charges a premium of â‚ą50,000 for the annual coverage. As per p...
A solvency margin breach is cured via capital infusion after reporting date but before approval. How to report?
When preparing a projected balance sheet for year (n + 1), which of the following data is NOT essential?
If the shareholder has purchased a share when the market price is Rs.50 and sold after a year to Mr. B at 55 and he has received the dividend of Rs.10, ...
ERP systems help in integrating information flow across:
The National Trade Portal (NTP) for issuance of bills and trade documentation was designed to facilitate:
The parties to a promissory note are:
The Quick Ratio (or Acid-Test Ratio) is a more stringent measure of liquidity than the Current Ratio because it:
What duties are taxes on intra-State supplies?
