REC (BOM:532955) Other Assets for Banks : ₹452,789 Mil (As of Mar. 2024)

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What is REC Other Assets for Banks?

REC's quarterly other assets (bank) increased from Sep. 2023 (₹425,663 Mil) to Dec. 2023 (₹444,142 Mil) and increased from Dec. 2023 (₹444,142 Mil) to Mar. 2024 (₹452,789 Mil).

REC's annual other assets (bank) increased from Mar. 2022 (₹355,419 Mil) to Mar. 2023 (₹403,797 Mil) and increased from Mar. 2023 (₹403,797 Mil) to Mar. 2024 (₹452,789 Mil).

REC Other Assets for Banks Historical Data

The historical data trend for REC's Other Assets for Banks can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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REC Other Assets for Banks Chart

REC Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Other Assets for Banks

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303,773.80

314,809.80

355,419.20

403,797.10

452,788.70

REC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Other Assets for Banks	Get a 7-Day Free Trial															403,797.10	-	425,663.20	444,141.80	452,788.70

REC Other Assets for Banks Calculation

Banks frequently group a variety of accounts as other assets on their balance sheets. Banks must report several of these accounts, such as investment in unconsolidated subsidiaries, customer liability on outstanding acceptances, and intangible assets as separate line items on Call Reports.

REC (BOM:532955) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » REC Ltd (BOM:532955) » Definitions » Other Assets for Banks

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RECLTD:India

Address

Plot No. I-4, Sector 29, Gurugram, HR, IND, 122001

Website

https://www.recindia.nic.in

REC Ltd is a nonbanking financial company operating in India. The company's main objective is to finance and promote power sector projects on the subcontinent. REC provides loan assistance to numerous state power utilities, private sector project developers, central power sector utilities, and state governments. REC investments include power generation, power transmission, power distribution, and other system improvement initiatives. REC is also instrumental in implementing several initiatives spearheaded on behalf of the government of India, including rural electrification. The majority of its revenue derives from long-term financing.

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