ICAI - Exposure Draft of Excel Template of Taxonomy for Non-Banking Financial Companies (NBFCs)

While the filing of the financial statements in XBRL format had begun for a class of companies, NBFCs were kept outside the purview, despite the fact that these companies also followed the Schedule VI format. Owing to peculiar nature of business as compared to the other Commercial and Industrial companies, a need was felt to identify and compile the NBFCs specific elements and include them in the core C&I taxonomy making it suitable for use of NBFCs as well.