Master Circular - Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances


Quick Summary
The Reserve Bank of India has issued a Master Circular consolidating all current instructions and guidelines on prudential norms for advances. This circular covers income recognition, asset classification, and provisioning for commercial banks. It supersedes previous master circulars, with a list of consolidated circulars provided in Annex 6.

RESERVE BANK OF INDIA

RBI/2021-2022/104
DOR.No.STR.REC.55/21.04.048/2021-22

October 1, 2021

All Commercial Banks (excluding RRBs)

Madam/Dear Sir

Master Circular – Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances

Please refer to the Master Circular No. DBR.No.BP.BC.2/21.04.048/2015-16 dated July 1, 2015 consolidating instructions / guidelines issued to banks till June 30, 2015 on matters relating to prudential norms on income recognition, asset classification and provisioning pertaining to advances.

2. This Master Circular consolidates instructions on the above matters issued as on date. A list of circulars consolidated in this Master Circular is contained in the Annex 6.

Yours faithfully

(Manoranjan Mishra)
Chief General Manager

Encl.: As above

Please refer to the attached file for full notification.

FAQ :

The purpose of this Master Circular is to consolidate all current instructions and guidelines issued by the Reserve Bank of India concerning prudential norms on income recognition, asset classification, and provisioning pertaining to advances made by banks.

This Master Circular applies to all Commercial Banks, excluding Regional Rural Banks (RRBs).

The prudential norms covered in this circular relate to income recognition, asset classification, and provisioning pertaining to advances.

Yes, this Master Circular consolidates instructions on the subject matter issued as of its date and supersedes the Master Circular No. DBR.No.BP.BC.2/21.04.048/2015-16 dated July 1, 2015.

A list of the circulars consolidated in this Master Circular is contained in Annex 6.

 

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Notification No : RBI/2021-2022/104 DOR.No.STR.REC.55/21.04.048/2021-22
Published in Community & General
Source : https://rbidocs.rbi.org.in/rdocs/notification/PDFs/MCIRACP535F1B4DE5494B4F82F69AB36B11538E.PDF
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