Circular on Provisioning requirement for investment in security Receipts (SRs) (dated – 28.06.2022) – RBI.
View PdfCircular on Provisioning requirement for investment in security Receipts (SRs) (dated – 28.06.2022) – RBI.
- The difference between the carrying value of such SRs and the valuation arrived at as on the next financial reporting date after the date of issuance of MD-TLE, in terms of clause 77 of the MD-TLE, may be provided over a five-year period starting with the financial year ending March 31, 2022 – i.e. from FY2021-22 till FY2025-26.
- Subsequent valuations of investments in such SRs on an ongoing basis shall, however, be strictly in terms of the provisions of MD-TLE, refer attachment for further details
