what are the latest prudential norms issued by rbi regarding classification of npa(s) and provisioning thereon in respect of NBFCs. a link to the concerned circular is also required.
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prudential norms
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Latest RBI guidelines in respect of NPA Provisioning are NBFC (Deposit Accepting or Holding) companies prudential norms directions, 2007. The same are also there for non-deposit accepting nbfc's. Also separate guidelines have been issued for Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances. Following link can be used.
https://www.rbi.org.in/scriptts/NotificationUser.aspx?Mode=0&Id=3652
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