All posts tagged "income recognition"
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570Capital / LiquidityRBI Extends Deadline for New NBFC Asset Classification Norms
The new norms would have led to a spike in non-performing assets for NBFCs and, hence, higher provisioning.
February 23, 2022 -
234Capital / Liquidity
RBI Seeks Industry Alignment of Loan Classification Norms
The RBI has clarified and harmonised its guidelines onincome recognition, asset classification, and provisioning practices to ensure uniformity across all lenders.
November 18, 2021 -
805Capital / Liquidity
RBI Orders Banks to Automate Asset Classification, Provisioning
The RBI has given banks until 30 June 2021 to upgrade their systems to automate all asset classification, provisioning calculation and income recognition processes.
September 16, 2020 -
1.1KEnforcement
RBI Fines Citibank, Six Others for Non-Compliance
Citibank did not comply with obligations to obtain declarations from customers about the credit facilities they have with other banks before granting them non-fund based facilities.
June 1, 2020
