RBI/2011-12/66
DBOD.No.BP.BC.12/21.04.048/2011-12
July 1, 2011
All Commercial Banks (excluding RRBs)
Dear Sir
Master Circular - Prudential norms on Income Recognition, Asset Classification
and Provisioning pertaining to Advances
Please refer to the
Master Circular No. DBOD.No.BP.BC. 21/21.04.048/2010-11
dated July 1, 2010 consolidating instructions / guidelines issued to banks till
June 30, 2010 on matters relating to prudential norms on income recognition,
asset classification and provisioning pertaining to advances.
- The Master Circular has now been suitably updated by incorporating
instructions issued up to June 30, 2011 and is attached. It has also been placed
on the RBI web-site (http://www.rbi.org.in). We advise that this revised Master
Circular consolidates the instructions contained in the circulars listed in the
Annex 9.
Yours faithfully
(Deepak Singhal)
Chief General Manager
Encls: As above