Tag: asset classification
Asset Classification and Income Recognition following the expiry of Covid-19 regulatory package – RBI Circular In view of the The Hon’ble Supreme Court judgement RBI has revised norms for Asset Classification and Income Recognition following the expiry of Covid-19 regulatory package as under: Refund/adjustment of ‘interest on interest’ …
Banks to automate Income Recognition, Asset Classification & Provisioning processes Reserve Bank of India (RBI), in order to ensure the completeness and integrity of the automated Asset Classification (classification of advances/ investments as NPA/NPI and their upgradation), Provisioning calculation and Income Recognition processes, has advised banks to put …
RBI COVID19 Regulatory Package – Relaxation in Asset Classification & Provisioning RESERVE BANK OF INDIA RBI/2019-20/220DOR.No.BP.BC.63/21.04.048/2020-21 April 17, 2020 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative BanksAll All-India …
Listed banks to make disclosure of divergence in asset classification and provisioning – SEBI Circular Securities and Exchange Board of India CIRCULAR CIR/CFD/CMD1/120/2019 October 31,2019 ToAll banks which have listed specified securitiesAll the Recognized Stock Exchanges Madam / Sir, Sub: Disclosure of divergence in the asset classification and …
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 …
