Question
In accordance with the recently published discussion
paper on Introduction of Expected Credit Loss Framework for Provisioning by Banks on which of the below mentioned class the proposed framework would be applicable?Solution
Proposed scope of ECL for provision for loan loss The proposed framework would be applicable to financial assets that meet both conditions, which are given as under: • Financial assets are ‘applicable financial assets’ which include: o all loans and advances o irrevocable6 loan commitments (including sanctioned limits under revolving credit facilities) o lease receivables o irrevocable financial guarantee contracts o investments classified as held-to-maturity or available-for-sale • Financial assets are measured at amortised cost i.e., they are held under the business model of collecting contractual cash flows and meet the SPPI criterion.
A company shall have its first annual general meeting, held within a period of ______________ from the date of closing of the first financial year of th...
No attachment under a precept shall continue for more than_____
The depository as a registered owner shall
As per SEBI (Prohibition of Insider Trading) Regulations, 2015, How does the definition of an insider treat a connected person?
Where an offence under The Juvenile Justice (Care and Protection of Children) Act, 2015 is punishable with imprisonment for less than three years, then ...
Whoever dishonestly misappropriates or converts to his own use any movable property, shall be _____________________________
As per Section 24 of the Limitation Act, 1963 all instruments shall for the purpose of the Limitation Act be deemed to made with reference to be_________.
What is the primary duty of a trustee under the Indian Trusts Act, 1882?
Untouchability is abolished and it’ s practice in any form is abolished as per which Articla of the Constitution?
Under the Income Tax Act, 1961, which of the following incomes is fully exempt from tax in the hands of the individual taxpayer?
