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Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934

Master Circular on Policy of Income Recognition, Asset Classification, Provisioning and Other Related Matters for Urban Co-operative Banks

08-May-2023 | RBI/2023-2024/26 DOR.STR.REC.14/21.04.048/2023-24

Reserve Bank of India has issued a Master Circular regarding the policy of Income Recognition, Asset Classification, Provisioning and Other Related Matter for All Primary (Urban) Co-operative Banks.
some highlights of the policy are-
i) Classification of Non-performing Assets (NPA)
ii) Treatment of Accounts as NPAs
iii) Prudential Guidelines on Restructuring of Advances
iv) Provisioning for Retirement Benefits
v) Provisioning Pertaining to Fraud Accounts

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