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Provisioning pertaining to Fraud Accounts

RBI - DBR.No.BP.BC.92/21.04.048/2015-16 - Dated:- 18-4-2016 - RBI/2015-16/376 DBR.No.BP.BC.92/21.04.048/2015-16 April 18, 2016 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Please refer to circular DBR.No.BP.BC.83/21.04.04 .....

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bank is liable (including in case of deposit accounts), immediately upon a fraud being detected. While computing the provisioning requirement, banks may adjust financial collateral eligible under Basel III Capital Regulations - Capital Charge for Cre .....

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a period, not exceeding four quarters, commencing from the quarter in which the fraud has been detected; Where the bank chooses to provide for the fraud over two to four quarters and this results in the full provisioning being made in more than one f .....

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