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ARTICLE · 27 APRIL 2022

Restructuring & Insolvency Monthly Update | April 2022

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On April 01, 2022, the Reserve Bank of India (RBI) issued a Master Circular for income recognition, asset classification and provisioning for the advances portfolio of the banks...

IndiaInsolvency/Bankruptcy/Re-Structuring
Abhirup Dasgupta
Abhirup Dasgupta
Pratik Ghose
Pratik Ghose
Ishaan Duggal
Ishaan Duggal
Avishek Roy
Avishek Roy
Bhawana Sharma
Bhawana Sharma
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RBI Master Circular on prudential norms for income recognition, asset classification and provisioning for the advances

  • On April 01, 2022, the Reserve Bank of India (RBI) issued a Master Circular for income recognition, asset classification and provisioning for the advances portfolio of the banks, so as to move towards greater consistency and transparency in the published accounts (Master Circular). By way of the said Master Circular, banks have been urged to ensure that while granting loans and advances, realistic repayment schedules are fixed on the basis of cash flows with borrowers. This would facilitate prompt repayment by the borrowers and thus improve the record of recovery in advances and, consequently, maintain consistency of the cash flow in the economy.

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