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Question ID : 41075

APPLICABILITY OF PROVISION NORMS IN CASE OF SMALL NBFC.

Dear Sir, I want to clarify, that provisional norms or producence norm of any advance/loan is applicable to small NBFC which is non systemically not important NBFC. which is not accepting deposit having assets size 2-3 cr only.

Posted by ashish agarwal on Jun 15, 2021

Filed Under MISC.

Answer ID : 81158

Yes. It is applicable. Refer master circular no. DNBS (PD) CC No.117 / 03.02.001 / 2008-09.

Posted by CA. chunauti dholakia on Jun 17, 2021