Modification of circular dated July 18, 2017 on ‘Disclosure of divergence in the asset classification and provisioning by banks’

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..... ion of circular dated July 18, 2017 on 'Disclosure of divergence in the asset classification and provisioning by banks' 1. Vide Circular No. SEBI/CIR/CFD/CMD/80/2017 dated July 18, 2017, it was specified that banks which have listed specified securities shall disclose to the stock exchanges, divergences in the asset classification and provisioning wherever the additional provisioning requirements .....

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..... he following conditions are satisfied: a. the additional provisioning for NPAs assessed by RBI exceeds 10 per cent of the reported profit before provisions and contingencies for the reference period, and b. the additional Gross NPAs identified by RBI exceed 15 per cent of the published incremental Gross NPAs for the reference period. 5. The Circular No. SEBI/CIR/CFD/CMD/80/2017 dated July 18, .....

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