Restructuring of advances
This query is : Resolved
Guest
Guest
(Querist)
09 March 2013
Can any Advance be classified as Standard upon restructuring ?
I am asking this because i read
when a standard asset is reconstructed it is classified as sub standard
when a substandard and doubtful assets are reconstructed they would continue to have the same asset classification
Loss assets cannot be restructured then
how can any Advance be classified as Standard upon restructuring ?
I am asking this because i read
when a standard asset is reconstructed it is classified as sub standard
when a substandard and doubtful assets are reconstructed they would continue to have the same asset classification
Loss assets cannot be restructured then
how can any Advance be classified as Standard upon restructuring ?
10 March 2013
Kindly refer to annexure 7 to the master circular issued on 2 July 2012 on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances.
http://www.rbi.org.in/scripts/BS_ViewMasCirculardetails.aspx?id=7357#9
http://www.rbi.org.in/scripts/BS_ViewMasCirculardetails.aspx?id=7357#9
Guest
Guest
(Querist)
10 March 2013
Thanks Sir
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