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

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..... All the Recognized Stock Exchanges Madam / Sir, Sub: Modification 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, divergenc .....

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..... es shall disclose to the stock exchanges divergences in the asset classification and provisioning, if either or both of the 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 .....

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