One-Time Gains: NBFCs seek change in accounting policy - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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One-Time Gains: NBFCs seek change in accounting policy

So far, non-bank lenders take a one-time gain on all loan sales to banks in direct assignment transactions. Prior to the implementation of Ind-AS accounting system, these gains were amortised over the life of the loan.

from Industry-Economic Times
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