Disclosure of divergence in asset classification requires listed banks to report significant provisioning or NPA divergences to exchanges. SEBI modifies its July 18, 2017 circular to adopt revised RBI thresholds: listed banks must disclose to stock exchanges divergences in asset classification and provisioning where either additional provisioning assessed by the RBI exceeds a specified proportion of reported profit before provisions and contingencies for the reference period, or additional gross NPAs identified by the RBI exceed a specified proportion of published incremental gross NPAs for the reference period; other disclosure requirements remain unchanged and the modification is effective immediately.
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Disclosure of divergence in asset classification requires listed banks to report significant provisioning or NPA divergences to exchanges.
SEBI modifies its July 18, 2017 circular to adopt revised RBI thresholds: listed banks must disclose to stock exchanges divergences in asset classification and provisioning where either additional provisioning assessed by the RBI exceeds a specified proportion of reported profit before provisions and contingencies for the reference period, or additional gross NPAs identified by the RBI exceed a specified proportion of published incremental gross NPAs for the reference period; other disclosure requirements remain unchanged and the modification is effective immediately.
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