WebApr 11, 2024 · On Tuesday, the Reserve Bank of India (RBI) announced complete rules for the acceptance of “green deposits” by banks and NBFCs. These deposits would allow the money to be utilized for financing activities such as renewable energy, green transportation, and green construction. The issue of climate change has been recognized on a worldwide ... WebMar 16, 2024 · The Reserve Bank of India rolled out regulatory guidelines for implementing Indian Accounting Standards (Ind AS) by Non-Banking Financial Companies (NBFCs) and …
Guidelines for Ind AS Implementation by NBFC’s, ARC’s
WebJan 27, 2024 · Discover all statistics and data on NBFCs in India now on statista.com! Skip to main content. Try our business solution for free! (212) 419-8219 [email protected]. Web13 hours ago · The Reserve Bank of India has released the framework for acceptance of Green Deposits to encourage regulated entities (REs) to offer green deposits to customers. As per the guidelines, the REs include all the SCBs, SFBs, NBFCs, and HFCs with the aim to protect interest of the depositors, aid customers to achieve their sustainability agenda, … bishop chandler owens preaching
NBFCs to face funding woes, may hit growth, says India Ratings
Web1 day ago · Bank funding to NBFCs has grown rapidly to Rs 13.1 lakh crore in February 2024 from a low Rs 3.9 lakh crore in FY17, growing at a CAGR of 22 per cent, which is double the overall bank credit growth, an India Rating report said. The rising share of bank funding has helped NBFCs offset the sluggishness in capital markets, which remained lukewarm ... Web1 day ago · Come, Invest in India Urges Vedanta's Akarsh Hebbar at Boom Up Korea 2024 Gold jumps Rs 480 to record high of Rs 61,780; silver climbs Rs 410 Mumbai, Apr 14 (PTI) With most non-bankers reaching ... WebApr 12, 2024 · Following the extension of the deadline for banks to move to the new Indian accounting standards (Ind-AS) which correspond to the International Financial Reporting Standards ( IFRS) to April 1, 2024, it was unclear what was the status for the NBFCs. Read also: Ind-AS for NBFCs from Apr 1: confusion reigns dark grey clothes dye