Modification in Rates of Provisioning for Non-Performing Assets and Restructured Advances


  Modification in Rates of Provisioning for Non-Performing Assets and Restructured Advances

In the Monetary Policy for 2011-2012, Para 110, there was an indication of the changes in the provisioning requirements for Non-Performing Assets and Restructured Advances

Accordingly today i.e 18/05/2011, the same were notified by RBI, DBOd, vide Notification No. RBI 2010-11/529, DBOD.No.BP.BC. 94/21.04.048/2011-12, ref no May 18, 2011

The Notification can be accessed @

http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=6415&Mode=0

From an IT angle, this is only a minor changes, as only few values have been changed.

From an operational angle, as the Monetary Policy cleared stated that the Provisioning requirements for Non-Performing Assets and Restructured Advances will be increased, the Ops Team will also have factored the approximate increase, at least approximately, if not exactly


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