Income recognition, asset classification, provisioning and other related matters - State Government guaranteed advances - ആർബിഐ - Reserve Bank of India
Income recognition, asset classification, provisioning and other related matters - State Government guaranteed advances
RBI/2004-05/350
RPCD.CO.RF.BC 74/07.37.02/2004-05
January 20, 2005
All State and District Central Co-operative Banks
Dear Sir,
Income recognition, asset classification, provisioning and other related matters - State Government guaranteed advances
Please refer to our circular RPCD.No.RF.BC. 89/07.37.02/98-99 dated April 09, 1999 on the above subject. At present, asset classification and provisioning requirements in respect of State Government guaranteed exposures are linked to invocation of the State Government guarantee.
2. The prudential norms pertaining to State Government guaranteed exposures, (i.e. advances and investments) have been reviewed and it has been decided to delink the requirement of invocation of State Government guarantee for asset classification and provisioning in respect thereof and subject them to the same norms as applicable to exposures not guaranteed by the State Governments.
3. However, with a view to enabling banks to have a smooth transition in the matter, the revised prudential norms in respect of State Government guaranteed exposures (i.e. both advances and investments) will be implemented in a phased manner as under:
a. With effect from the year ending March 31, 2006, State Government guaranteed advance and investment in State Government guaranteed securities would attract asset classification and provisioning norms, if interest and/or principal or any other amount due to the bank remains overdue for more than 180 days.
b. With effect from the year ending March 31, 2007, State Government guaranteed advance and investment in State Government guaranteed securities would attract asset classification and provisioning norms, if interest and/or instalment of principal or any other amount due to the bank remains overdue for more than 90 days.
4. Please acknowledge receipt to our concerned Regional Office.
Yours faithfully,
(G. Srinivasan)
Chief General Manager
ഈ പേജ് ഷെയർ ചെയ്യുക:
റിസർവ് ബാങ്ക് ഓഫ് ഇന്ത്യ മൊബൈൽ ആപ്ലിക്കേഷൻ ഇൻസ്റ്റാൾ ചെയ്ത് ഏറ്റവും പുതിയ വാർത്തകളിലേക്ക് വേഗത്തിലുള്ള ആക്സസ് നേടുക!
