"01 May 2018" Archive - Page 3

RBI’s bloom for HFCs- Rationalisation and Liberalisation of Economic Commercial Borrowing (ECB) Policy

To simplify the ECB guidelines, RBI vide notification no. RBI/2017-18/169 dated April 27, 2018 introduced a flat all-in-cost ceiling for ECBs uniform at 450 basis points over the benchmark London Interbank Offer Rate (LIBOR), doing away with different slabs for different maturities....

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Posted Under: Fema / RBI |

An overview of Effective Interest Rate as per IND AS 109

Basic understanding of amortising upfront fees by factoring the same into interest expense by EIR method using Goal seek formula. 1. Entity has taken loan from bank on which it has incurred transaction costs primarily in form of upfront processing fees. Further these loans have multiple changes in interest rate (as contemplated in the con...

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Posted Under: Fema / RBI |