RbiSearchHeader

Press escape key to go back

Past Searches

Theme
Theme
Text Size
Text Size
S2

Notification Marquee

RBI Announcements
RBI Announcements

RbiAnnouncementWeb

RBI Announcements
RBI Announcements

Asset Publisher

55255833

Additional disclosures in the published annual reports

Ref DBS.FID No. C-14/01.02.00/2001-02

February 8, 2002

To

The CEOs of all-India term lending and refinancing institutions

Dear Sir,

Additional disclosures in the published annual reports

Please refer to our Circular DBS.FID. No. C-18 /01.02.00/2000-01 dated March 23, 2001 in terms of which disclosure of certain important financial parameters in the published annual reports of the financial institutions (FIs), as part of "Notes to Accounts", had been prescribed.

2. With a view to bring about greater transparency in the published annual reports of the FIs and in tune with the international best practices, it has been considered desirable to have public disclosure of certain parameters in their published reports, in addition to those already prescribed. The FIs are, therefore, advised to disclose the movement in the provisions held towards (a) Non-performing assets; and (b) Depreciation in investment portfolio, in the format enclosed, in their published annual reports, with effect from the financial year 2001-02, as part of the "Notes to Accounts" so as to enable the auditors to authenticate this information. The disclosure should be made even if the information may be contained elsewhere in the published annual report. The prescribed disclosures constitute the minima and a FI desiring to make any further disclosures, would be well advised to do so.

Yours faithfully,

(K. C. Bandyopadhyay)
Chief General Manager

Encl.: One

Annexure

Format for disclosure of movement of provisions in the published annual reports of the
financial institutions as part of the "Notes to Accounts"

(Rs. in crore)

A. Provisions for Non Performing Assets (comprising loans, bonds and debentures in the nature of advance and inter-corporate deposits)

(excluding provision for standard assets)

    1. Opening balance as at the beginning of the financial year
    2. Add: Provisions made during the year

      Less: Write off, write back of excess provision

    3. Closing balance at the close of the financial year

B. Provisions for depreciation in investments

    1. Opening balance as at the beginning of the financial year

Add:

    1. Provisions made during the year
    2. Appropriation, if any, from Investment Fluctuation Reserve Account during the year

Less:

    1. Write off during the year
    2. Transfer, if any, to Investment Fluctuation Reserve Account

d. Closing balance as at the close of the financial year

RbiTtsCommonUtility

PLAYING
LISTEN

Related Assets

RBI-Install-RBI-Content-Global

RbiSocialMediaUtility

Install the RBI mobile application and get quick access to the latest news!

Scan Your QR code to Install our app

RbiWasItHelpfulUtility

Was this page helpful?