Standard assets definition

Standard assets means the asset in respect of which, no default in repayment of principal or payment of interest is perceived and which does not disclose any problem nor carry more than normal risk attached to the business.
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Standard assets means cash, cash funds, deposits, exchange-traded commodities, government and local authority bonds and other fixed interest stocks, investment notes (structured products), shares in investment trusts, managed pension funds, national savings and investment products, permanent interest bearing shares (PIBs), physical gold bullion, real estate investment trusts, securities admitted to trading on a regulated venue and UK commercial property units in regulated collective investment schemes. In addition, a standard asset must be capable of being accurately and fairly valued on an ongoing basis and readily realised within 30 days, whenever required.
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Standard assets means assets classified as standard assets under the RBI’s Master Directions on Non Banking Financial Company Systemically Important Non Deposit Taking Company and Deposit Taking Company (Reserve Bank) Directions, 2016”, as amended or superseded from time to time, which are not overdue for more than 150 days, provided however, that to the extent RBI requirements as amended from time to time define standard assets as being overdue for fewer than 150 days, then such shorter period shall apply to this definition;
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Examples of Standard assets in a sentence

  • Additional provision of 0.40% on Standard assets has also been made during the year, as per stipulation of RBI on Standard assets.

  • Additional provision of 0.25% on Standard assets has also been made during the year, as per stipulation of RBI on Standard assets.

  • Impairment of financial assets31st March, 2020 31st March, 2019On financial instruments measured at amortised costRs. Rs.Expected credit loss1,00,726 27,89,574Bad debts written off2,49,90,112 1,25,18,530Provision for NPAs34,04,081 -Standard assets- 95,863Total2,84,94,919 1,54,03,967 30.

  • In accordance with the "TFRS 16 Leases" Standard assets acquired under finance lease agreements are capitalized at the inception of the lease at the “lower of the fair value of the leased asset or the present value of the amount of cash consideration given for the leased asset”.

  • Standard assets transferred through direct assignment are de-recognised in the Balance Sheet of the Bank to the extent portion of the rights, title and interest of the Bank in the underlying loans has been assigned.

  • Provision on Standard assets is made @ 0.30% as per the notification DNBR 009/ CGM (CDS)-2015 dated March 27, 2015 issued by Reserve Bank of India.In case of Housing Finance Companies, Overdue loans are written off/provided for, as per management estimates, subject to the minimum provision required as per Housing Finance Companies (NHB) Directions, 2010 as amended.

  • ParticularsNote : Out of the above mentioned loan Standard assets are hypothecated/ assigned against the security of Non Convertible Debenture issued.

  • As per the RBI circular dated 17th January 2011 Company has made general provision of 0.25% of Standard assets.

  • Standard assets transferred through direct assignment are de-recognised in the Balance Sheet of the Bank to the extent a portion of the rights, title and interest of the Bank in the underlying loans has been assigned.

  • Non Performing Assets (NPAs)As per RBI directives, banks in India have to classify their assets into Performing or Standard assets or Non performing assets (NPAs).


More Definitions of Standard assets

Standard assets means assets which are capable of being accurately and fairly valued on an ongoing basis and readily realised within 30 days, whenever required
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Standard assets means the list of assets defined as such within rule IPRU-INV 5.9.1R;
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Related to Standard assets

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Project Assets means all physical and other assets relating to (a) tangible assets such as civil works and equipment including foundations, embankments, pavements, road surface, interchanges, bridges, culverts, road over-bridges, drainage works, traffic signals, sign boards, kilometer-stones, [toll plaza(s)], electrical systems, communication systems, rest areas, relief centers, maintenance depots and administrative offices; and (b) Project Facilities situated on the Site;