https://www.taxtmi.com/news?id=52533 IndoStar, an RBI registered middle layer NBFC, derecognized its investment after divesting its housing subsidiary and now reports as a standalone NBFC in vehicle finance and M LAP. The company revised its technical write-off policy for loans over 210 days past due, recorded technical write-offs while continuing recovery and legal actions, and made incremental provisions on select Security Receipts where near term recovery is uncertain, affecting provisioning, asset recognition and recoverability in its financial reporting. en-us Thu, 14 Aug 2025 17:01:03 +0530 Thu, 14 Aug 2025 17:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=52533 IndoStar, an RBI registered middle layer NBFC, derecognized its investment after divesting its housing subsidiary and now reports as a standalone NBFC in vehicle finance and M LAP. The company revised its technical write-off policy for loans over 210 days past due, recorded technical write-offs while continuing recovery and legal actions, and made incremental provisions on select Security Receipts where near term recovery is uncertain, affecting provisioning, asset recognition and recoverability in its financial reporting. News - Thu, 14 Aug 2025 17:01:03 +0530 https://www.taxtmi.com/news?id=52533