India:
New Master Circular - IRAC & Provisioning Norms
19 November 2021
Juris Corp
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The Reserve Bank of India ("RBI") has
issued a Master Circular on Prudential norms on Income Recognition,
Asset Classification and Provisioning pertaining to Advances.
The previous master circular on the captioned was issued by RBI
on 1st July 2015.
MCIRACP535F1B4DE5494B4F82F69AB36B11538E.PDF
(rbi.org.in)
Originally published 05 October 2021
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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