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

Last updated: 03 April 2023

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The Reserve Bank of India has issued a Master Circular consolidating prudential norms for banks concerning income recognition, asset classification, and provisioning for advances. This updated circular incorporates all guidelines issued up to March 31, 2023. It supersedes the previous Master Circular dated April 1, 2022.

Reserve Bank of India
RBI/2023-24/06
DOR.STR.REC.3/21.04.048/2023-24

April 1, 2023

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 DOR.STR.REC.4/21.04.048/2022-23 dated April 1, 2022 consolidating instructions / guidelines issued to banks till March 31, 2022 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 up to March 31, 2023. A list of circulars consolidated in this Master Circular is contained in Annex 5.

Yours faithfully

(Manoranjan Mishra)
Chief General Manager

Encl.: As above

FAQ :

This Master Circular consolidates instructions and guidelines issued by the Reserve Bank of India on prudential norms related to income recognition, asset classification, and provisioning pertaining to advances for commercial banks.

This circular applies to all commercial banks, excluding Regional Rural Banks (RRBs).

The Master Circular consolidates instructions issued up to March 31, 2023.

Yes, it replaces the Master Circular DOR.STR.REC.4/21.04.048/2022-23 dated April 1, 2022.

A list of the circulars consolidated in this Master Circular is provided in Annex 5.

Guest

Notification No : RBI/2023-24/06 DOR.STR.REC.3/21.04.048/2023-24
Published in Community & General
Source : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12472&Mode=0

Attached File : 322600_11110_06iracp01042023_an.pdf

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