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of <h1>SEBI Updates Disclosure Rules for Banks on Asset Classification and Provisioning Divergences, Aligns with RBI Notification.</h1> The Securities and Exchange Board of India (SEBI) has modified its circular from July 18, 2017, regarding the disclosure of divergences in asset classification and provisioning by banks with listed securities. This update aligns with the Reserve Bank of India's (RBI) revised notification, which alters the disclosure thresholds. Banks must now disclose divergences if additional provisioning for NPAs exceeds 10% of reported profit before provisions and contingencies, or if additional Gross NPAs identified by RBI exceed 15% of published incremental Gross NPAs. The modified circular is effective immediately, with other requirements remaining unchanged.
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