StCBs/DCCBs - Income Recognition/Asset Classification/Provisioning - আৰবিআই - Reserve Bank of India
StCBs/DCCBs - Income Recognition/Asset Classification/Provisioning
RBI/2008-09/498 June 16, 2009 All State Co-operative Banks (StCBs) and Dear Sir, Income recognition, asset classification, provisioning and other related mattersShort-term agricultural advances as well as advances for other purposes are granted by State Co-operative Banks/Central Co-operative Banks to Central Co-operative Banks/Primary Agricultural Credit Societies respectively for the purpose of on-lending. As per extant instructions contained in paragraph 2 of the Annexure to our circular RPCD.No.BC.155/ 07.37.02/95-96 dated June 22, 1996, out of such advances granted under on-lending system, only that particular facility which becomes irregular is treated as NPA and not all other facilities granted to them. Yours faithfully, (B.P.Vijayendra) |