The Reserve Bank of India (RBI) recalls its Master Circular on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances.
The RBI referred to its Master Circular No. DBR.No.BP.BC.2/21.04.048/2015-16 dated 1 July 2015 consolidating instructions/ guidelines issued to banks till 30 June 2015 on matters relating to prudential norms on income recognition, asset classification and provisioning pertaining to advances.
This Master Circular consolidates instructions on the above matters issued as of date. A list of circulars consolidated in this Master Circular is contained in Annex 6.