https://www.taxtmi.com/news?id=4120 Directives require banks to increase the provisioning requirement for restructured standard accounts to strengthen provisioning buffers and align with international practices. Banks are directed to implement an effective information-sharing mechanism on credit, derivatives and unhedged foreign currency exposures by end-December 2012, and to obtain/share necessary information before sanctioning fresh, ad-hoc or renewal loans from January 1, 2013, with non-adherence liable to supervisory action including penalties. en-us Thu, 29 Nov 2012 18:09:43 +0530 Thu, 29 Nov 2012 18:09:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4120 Directives require banks to increase the provisioning requirement for restructured standard accounts to strengthen provisioning buffers and align with international practices. Banks are directed to implement an effective information-sharing mechanism on credit, derivatives and unhedged foreign currency exposures by end-December 2012, and to obtain/share necessary information before sanctioning fresh, ad-hoc or renewal loans from January 1, 2013, with non-adherence liable to supervisory action including penalties. News - Thu, 29 Nov 2012 18:09:43 +0530 https://www.taxtmi.com/news?id=4120