It attributes the strong balance sheets to robust credit growth during 2023-24. Banks capital to risk weighted assets ratio was 16.8% as of September, with all bank groups meeting the regulatory ...

The asset quality of non-bank finance companies (NBFCs) also improved further in 2023-24 amid a sustained double-digit balance sheet growth, the central bank said. Over the past year, the RBI has ...

This depreciation in the asset's value must be accounted for on the company's income statement and balance sheet to capture the loss in value over time as an expense and as a reduction in the ...

The residual value should not be more than five per cent of the original cost of the asset. A company may adopt a depreciation rate, useful life or residual value which is different from the amount ...