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Full Day Workshop on NBFC – Accounting, Audit and Regulatory Aspects (Physical Mode)

December 10 @ 9:30 am - 5:00 pm

NBFC’s are the recent trending topic of the town and past couple of years were fascinating for NBFCs in India. Despite the impact of the pandemic, the NBFCs witnessed continued momentum and there have been significant increase in the loan disbursements expanding the loan books of the most companies. In the meanwhile, the Reserve Bank of India has been tightening several regulations for NBFCs including, introduction of Scale-based regulations and revised IRAC norms including clarification on daily NPAs and upgradation of NPA status.  For larger NBFCs that apply Ind AS, financial reporting continues to be a significant matter. Although most of the complex issues have been by-and-large settled, applying Ind AS (particularly ECL provisioning) amidst the current economic environment (geo-political scenario, rising interest rates and inflation, foreign exchange vagaries) involves several practical interpretative issues.  

In this backdrop, we at CTC have organised a workshop to cover some of the key accounting and regulatory topics NBFCs are facing.

 

Venue 
Babubhai Chinai Room (2nd Floor), IMC Building, Churchgate, Mumbai- 400 020
 

The details of the workshop are as follows:

Date & Time Topic Speaker
10.12.2022
 
9.30 am –
10.00 am
Registration and Breakfast
10:00 am –
10:30 am
Opening remarks

Address by Keynote Speaker

President/Chairman
 
Mr. Bhavesh Vora
 
10.30 am –
12:15 pm
Expected Credit Loss Provision
 -Accounting Aspects
 – Auditing Aspects
(Possible coverage:
Accounting – Calculation of EAD, LGD, PD, Management Overlay, Scenario analysis, lifetime LGD, various models in practice, interaction with RBI IRAC provisions….
Auditing – Audit procedures for the models, scenario analysis, inputs, etc.)
Mr. Murtuza  Vajihi
 
12.15 pm –
2.00 pm
 
 
Effective Interest Method
 – Accounting Aspects
 – Auditing Aspects
(Possible coverage: Typical issues such as, rebasing for variable rates like MCLR, contractual life Vs. expected life, etc.)
Other Issues:
 – Repossessed assets – Classification as Held
   for Sale
 – Deferred Tax
 – Securitisation / PTC/ Direct Assignments
Typical disclosures deficiencies in NBFCs
 
Mr. Santosh Maller
2.00 pm –
2.30 pm
Lunch Break
2.30 pm –
3.45 pm
Scale based Regulations effective from 1 Oct 2022
IRAC provision – daily NPA, upgradation, differential provisioning for standard assets for UL, new RBI IT outsourcing regulations, etc.
 
Mr. Kunal Mehta
 
3.45 pm –
4.00 pm
Tea Break
4.00 pm –
5.00 pm
Panel Discussion amongst some eminent panel from industry –

Regulatory challenges in meeting the heightened expectations of RBI

 

Moderator :

Mr. Ashutosh Pednekar

Panelist :
Mr. Rakesh Bhatia (CFO TATA Capital),
Mr. Heneel Patel,
Mr. Gautam Shah and
Eminent Faculty.
 

Participation Fees :
CTC Members : Rs. 2,250/- + Rs. 405/- (GST) = Rs. 2,655/-
Non Members : Rs. 2,750/- + Rs. 495/- (GST) = Rs. 3,245/-

Participation Fees to be paid online on the websiteCLICK HERE to make payment.

Details

Date:
December 10
Time:
9:30 am - 5:00 pm