Page 304 - NHB AR 2020-21-3 complete- Print (1)
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3.1.2. Levy on pre-payment of loan.
3.1.3. Conversion charges for conversion of loan from floating to fixed rate of interest
and vice-a-versa.
3.1.4. Interest on non-performing assets
3.1.5. Penalty imposed by NHB for non-compliance with the regulatory requirements or
the guidelines issued by NHB from time to time.
3.1.6 Amount received from Housing Finance Companies/ Banks on account of credit
inspection charges.
3.1.7. Other miscellaneous receipts, such as receipts from sale of scrap/ old news papers,
receipts under RTI Act, etc.
3.2. Dividend on investments is accounted for when the right to receive the dividend
is established.
3.3. Pre-paid expense not exceeding ` 10,000/- per transaction is charged to current
period expenditure.
3.4. Prior period expense not exceeding ` 10,000/- per transaction is charged to current
period expenditure.
3.5. Stamp duty and Issue expenses relating to floatation of bonds are recognized as
expenditure in the year of issue of Bonds.
4. Investments
Investments are accounted for in accordance with the extant regulatory guidelines.
4.1. Classification
In accordance with the RBI guidelines, Investments are classified into as Held to
Maturity (HTM), Available for Sale (AFS) and Held for Trading (HFT). Under
each of these categories, investments are further classified as
(i) Government Security,
(ii) Other Approved Securities,
(iii) Shares,
(iv) Debentures and Bonds,
(v) Subsidiaries / Joint Ventures and
(vi) Others.
284 | Annual Report 2020-21
3.1.3. Conversion charges for conversion of loan from floating to fixed rate of interest
and vice-a-versa.
3.1.4. Interest on non-performing assets
3.1.5. Penalty imposed by NHB for non-compliance with the regulatory requirements or
the guidelines issued by NHB from time to time.
3.1.6 Amount received from Housing Finance Companies/ Banks on account of credit
inspection charges.
3.1.7. Other miscellaneous receipts, such as receipts from sale of scrap/ old news papers,
receipts under RTI Act, etc.
3.2. Dividend on investments is accounted for when the right to receive the dividend
is established.
3.3. Pre-paid expense not exceeding ` 10,000/- per transaction is charged to current
period expenditure.
3.4. Prior period expense not exceeding ` 10,000/- per transaction is charged to current
period expenditure.
3.5. Stamp duty and Issue expenses relating to floatation of bonds are recognized as
expenditure in the year of issue of Bonds.
4. Investments
Investments are accounted for in accordance with the extant regulatory guidelines.
4.1. Classification
In accordance with the RBI guidelines, Investments are classified into as Held to
Maturity (HTM), Available for Sale (AFS) and Held for Trading (HFT). Under
each of these categories, investments are further classified as
(i) Government Security,
(ii) Other Approved Securities,
(iii) Shares,
(iv) Debentures and Bonds,
(v) Subsidiaries / Joint Ventures and
(vi) Others.
284 | Annual Report 2020-21
