https://www.taxtmi.com/news?id=4109 Banks and financial institutions must apply an enhanced provisioning requirement for restructured accounts: standard restructured advances attract 2.75 per cent provision for the first two years from restructuring (including moratorium periods and two years thereafter), and restructured non-performing accounts upgraded to standard attract 2.75 per cent in the first year after upgradation. Loans to projects under implementation with extended DCCO beyond specified short extensions similarly attract 2.75 per cent from the date of restructuring for the period specified by the guidelines. All other income recognition, asset classification and provisioning rules remain unchanged. en-us Tue, 27 Nov 2012 18:37:08 +0530 Tue, 27 Nov 2012 18:37:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4109 Banks and financial institutions must apply an enhanced provisioning requirement for restructured accounts: standard restructured advances attract 2.75 per cent provision for the first two years from restructuring (including moratorium periods and two years thereafter), and restructured non-performing accounts upgraded to standard attract 2.75 per cent in the first year after upgradation. Loans to projects under implementation with extended DCCO beyond specified short extensions similarly attract 2.75 per cent from the date of restructuring for the period specified by the guidelines. All other income recognition, asset classification and provisioning rules remain unchanged. News - Tue, 27 Nov 2012 18:37:08 +0530 https://www.taxtmi.com/news?id=4109