Category: RBI

No 5 day week in commercial banks-RBI clarification

No 5 day week in commercial banks-RBI clarification Reserve Bank of India Date : Apr 20, 2019 RBI clarification on 5 day week in commercial banks It has been reported in certain sections of the media that commercial banks would have a 5 day week in terms of RBI …

RBI tweaks conditions of disclosure of divergence in the asset classification & provisioning by banks

RBI specify threshold percentage for disclosure of divergence in asset classification & provisioning by banks with additional provisioning assessed by RBI  The RBI vide Notification dated 18.04.2018 mandated disclosures by banks on divergences from prudential norms on income recognition, asset classification and provisioning exceed certain thresholds. It had …

RBI Defers Implementation of Ind AS for Scheduled Commercial Banks

RBI Defers Implementation of Indian Accounting Standards (Ind AS) for Scheduled Commercial Banks  BI/2018-2019/146DBR.BP.BC.No.29/21.07.001/2018-19 March 22, 2019 All Scheduled Commercial Banks(excluding Regional Rural Banks) Madam / Dear Sir, Deferral of Implementation of Indian Accounting Standards (Ind AS) Please refer to paragraph 3 of the Statement on Developmental and Regulatory …
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