RBI/2009-10/383
DBOD.No.FID.FIC.10/01.02.00/2009-10

April 7, 2010

The CEOs of the select All-India Term-lending and Refinancing Institutions
(Exim Bank, NABARD, NHB and SIDBI)

Dear Sir,

Prudential Norms on Income Recognition, Asset Classification and
Provisioning Pertaining to Advances - Projects under Implementation

Please find enclosed a copy of Circular DBOD.No.BP.BC.85/21.01.048/2009-10 dated March 31, 2010 on the above subject. In this connection, it is advised that the above guidelines issued to banks, shall mutatis mutandis apply to the select All India Financial Institutions (AIFIs).

Yours faithfully
(Vinay Baijal)
Chief General Manager

Encl.: As above