To Address the Issue of Rise in NPAs and Restructured Advances of Banks, and to Improve Effective Information Sharing Among Banks on Credit, Derivatives and Unhedged Foreign Currency Exposures, Banks are Advised to Put in Place by End-December 2012 an Effective Mechanism for Information Sharing

To Address the Issue of Rise in NPAs and Restructured Advances of Banks, and to Improve Effective Information Sharing Among Banks on Credit, Derivatives and Unhedged Foreign Currency Exposures, Banks are Advised to Put in Place by End-December 2012 an Effective Mechanism for Information Sharing https://www.taxtmi.com/news?id=4126 A regulatory directive requires banks to implement an effective information sharing mechanism for borrower credit, derivative exposures and unhedged foreign currency positions; fresh, ad hoc and renewed loans are to be made only after obtaining and sharing necessary information, with supervisory action and penalties for non compliance. The requirement accompanies an increase in provisioning for restructured standard accounts and ongoing monitoring to restrain growth in NPAs and restructured advances. en-us Thu, 29 Nov 2012 18:16:30 +0530 Thu, 29 Nov 2012 18:16:30 +0530 TaxTMI RSS Generator To Address the Issue of Rise in NPAs and Restructured Advances of Banks, and to Improve Effective Information Sharing Among Banks on Credit, Derivatives and Unhedged Foreign Currency Exposures, Banks are Advised to Put in Place by End-December 2012 an Effective Mechanism for Information Sharing https://www.taxtmi.com/news?id=4126 A regulatory directive requires banks to implement an effective information sharing mechanism for borrower credit, derivative exposures and unhedged foreign currency positions; fresh, ad hoc and renewed loans are to be made only after obtaining and sharing necessary information, with supervisory action and penalties for non compliance. The requirement accompanies an increase in provisioning for restructured standard accounts and ongoing monitoring to restrain growth in NPAs and restructured advances. News - Thu, 29 Nov 2012 18:16:30 +0530 https://www.taxtmi.com/news?id=4126