Disclosure of divergence in asset classification requires listed banks to promptly report regulator assessed NPA divergences upon receipt. Listed banks must promptly disclose to the stock exchange divergences in asset classification and provisioning identified in the regulator's Final Risk Assessment Report when those divergences exceed prescribed materiality thresholds; disclosures must follow the regulator's prescribed format and be made immediately upon receipt of the report rather than in the annual financial statements.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Disclosure of divergence in asset classification requires listed banks to promptly report regulator assessed NPA divergences upon receipt.
Listed banks must promptly disclose to the stock exchange divergences in asset classification and provisioning identified in the regulator's Final Risk Assessment Report when those divergences exceed prescribed materiality thresholds; disclosures must follow the regulator's prescribed format and be made immediately upon receipt of the report rather than in the annual financial statements.
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