Disclosure of divergence in asset classification: banks must report RBI-identified NPA and provisioning divergences in annual filings. Banks with listed specified securities must disclose material divergences between their published asset classification and provisioning and RBI assessments when additional provisioning requirements or additional Gross NPAs identified by RBI exceed prescribed proportions of published reference-period figures; disclosures must follow the RBI-prescribed format and be annexed to the annual financial results filed with stock exchanges and included in the Notes to Accounts of the ensuing annual financial statements.
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Provisions expressly mentioned in the judgment/order text.
Disclosure of divergence in asset classification: banks must report RBI-identified NPA and provisioning divergences in annual filings.
Banks with listed specified securities must disclose material divergences between their published asset classification and provisioning and RBI assessments when additional provisioning requirements or additional Gross NPAs identified by RBI exceed prescribed proportions of published reference-period figures; disclosures must follow the RBI-prescribed format and be annexed to the annual financial results filed with stock exchanges and included in the Notes to Accounts of the ensuing annual financial statements.
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