Second Quarter Review of Monetary Policy 2012-13 – Non-Performing Assets (NPAs) and Restructuring of Advances https://www.taxtmi.com/news?id=4023 Banks must implement an effective mechanism for inter bank information sharing on borrowers' credit, derivatives and unhedged foreign currency exposures by end December 2012; from January 1, 2013 no fresh sanction, renewal or ad hoc loan shall be granted without obtaining or sharing the necessary information, and non compliance will invite supervisory action, including penalties. en-us Thu, 22 Nov 2012 14:39:57 +0530 Thu, 22 Nov 2012 14:39:57 +0530 TaxTMI RSS Generator Second Quarter Review of Monetary Policy 2012-13 – Non-Performing Assets (NPAs) and Restructuring of Advances https://www.taxtmi.com/news?id=4023 Banks must implement an effective mechanism for inter bank information sharing on borrowers' credit, derivatives and unhedged foreign currency exposures by end December 2012; from January 1, 2013 no fresh sanction, renewal or ad hoc loan shall be granted without obtaining or sharing the necessary information, and non compliance will invite supervisory action, including penalties. News - Thu, 22 Nov 2012 14:39:57 +0530 https://www.taxtmi.com/news?id=4023