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Vaishnavi D asked 1 year ago
2 Answers
RaviRavi Staff answered 1 year ago

RBI has not clarified what would be covered in financial asset.
Just consider assets involved in financing business and exclude assets involved in other business. Now debtor is part of other business (arises from selling goods & services) hence it should not be included otherwise all companies will become NBFCs

RaviRavi Staff answered 1 year ago

icai has not asked numerical on this topic till date so no need to bother much

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