April 18, 2017 / 12:29 PM / 3 months ago

BRIEF-RBI says banks may review telecom sector & consider making provisions for standard assets

1 Min Read

April 18 (Reuters) - Reserve Bank of India:

* Additional provisions for standard advances at higher than the prescribed rates

* Banks shall put in place a board–approved policy for making provisions for standard assets at rates higher than the regulatory minimum

* Policy shall require review, at least on quarterly basis, of performance of various sectors of economy to which the bank has exposure

* Board of banks may review telecom sector latest by June 30, 2017, and consider making provisions for standard assets in the sector at higher rates Source text: bit.ly/2px9u7R

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below