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BRIEF-RBI says banks to make disclosures for divergence in asset classification and provisioning
April 18, 2017 / 12:33 PM / 7 months ago

BRIEF-RBI says banks to make disclosures for divergence in asset classification and provisioning

April 18 (Reuters) - Reserve Bank of India:

* RBI -disclosure in the “notes to accounts” to the financial statements- divergence in the asset classification and provisioning

* RBI -banks shall make disclosures wherever additional gross NPAs identified by RBI exceed 15 percent of published incremental gross NPAs for reference period

* RBI -banks to make disclosures where additional provisioning requirements assessed by RBI exceed 15 percent of published net profits after tax for reference period Source text - (bit.ly/2oIjBa1)

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