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(i) The system should ensure that identification of NPAs is done on an on-going basis and accounts are classified as NPA immediately, as soon as they turn into NPA as per the guidelines contained in this circular, without waiting till the end of quarter/financial year.
Apr 1, 2022 · DEFINITIONS. 2.1 Non-performing Assets. 2.1.1 An asset, including a leased asset, becomes non-performing when it ceases to generate income for the bank. 2.1.2 A non-performing asset (NPA) is a loan or an advance where; interest and/ or instalment of principal remains overdue for a period of more than 90 days in respect of a term loan,
2.1.1 An asset, including a leased asset, becomes non-performing when it ceases to generate income for the bank. A ‘non-performing asset’ (NPA) was defined as a credit facility in respect of which the interest and/ or instalment of principal has remained ‘past due’ for a specified period of time.
Apr 1, 2023 · The updated Master Circular, dated 01/04/2023, consolidates the RBI guidelines, directions, instructions, and revisions related to Prudential Norms for income recognition, asset classification, and provisioning up to 31/03/2023.
Readers are advised to refer latest RBI Circular in case any further clarification is required. Please note, below details are illustrative in nature and as such clarifications provided by RBI will prevail for implementation from time to time. 1. Repayment due dates for Term Loan .
The RBI has now harmonised the NPA norms for all NBFCs to 90 days. This amendment will impact the NBFCs in the base layer, which includes the NBFC-ND (i.e. the non-systemically important, non-deposit taking NBFCs).
The RBI master circular Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances (RBI/2022-23/15, DOR.STR.REC.4/21.04.048/2022-23) dated 1 April 2022 consolidates all instructions on the Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances issued upto 31 ...
Jun 28, 2023 · Scheduled commercial banks' net non-performing assets (NPA) ratio fell to a 10-year low of 3.9 per cent in March 2023, the Reserve Bank of India noted in the latest edition of its Financial Stability Report released Wednesday.
Dec 27, 2023 · Comprehensive measures have been taken by the Government and RBI to recover the bad debts, enabled by which, SCBs have recovered a total amount of Rs. 7.16 lakh crore (RBI provisional data for FY 2022-23) during the last five financial years.
The GNPA ratio of SCBs fell to a decadal low of 3.9 per cent at end-March 2023 and further to 3.2 per cent at end-September 2023. During 2022-23, around 45 per cent of reduction in GNPAs of SCBs was contributed by recoveries and upgradations ( Table IV.10 ).
