Notification regarding Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to advances (dated 12.11.2021) – RBI.

  • 15th, November 2021
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Notification regarding Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to advances (dated 12.11.2021) – RBI.

  • Ensuring uniformity in the implementation of IRACP norms across all lending institutions, certain aspects of the extant regulatory guidelines are being clarified and/or harmonized, which will be applicable mutatis mutandis to all lending institutions.
  • Wherever references to circulars/instructions applicable to banks have been made, other lending institutions may refer to instructions as applicable to them. All the instructions in this circular, except those at paragraphs 2, 8-9 and 13, shall be effective immediately from the date of this circular.
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