https://www.taxtmi.com/circulars?id=54449 Banks must normally provide for the entire amount due on fraud detection, allowing adjustment for eligible financial collateral under Basel III; alternatively, they may spread provisioning over up to four consecutive quarters from detection. If full provisioning spills into a subsequent financial year, the unprovided balance at year-end must be debited from other reserves to provisions and thereafter reversed proportionately while charging profit and loss to complete provisioning. Banks must disclose number and amounts of frauds, provisions made, and unamortised provisions debited from other reserves, and adhere to fraud classification and reporting rules. en-us Mon, 18 Apr 2016 00:00:00 +0530 Wed, 20 Apr 2016 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54449 Banks must normally provide for the entire amount due on fraud detection, allowing adjustment for eligible financial collateral under Basel III; alternatively, they may spread provisioning over up to four consecutive quarters from detection. If full provisioning spills into a subsequent financial year, the unprovided balance at year-end must be debited from other reserves to provisions and thereafter reversed proportionately while charging profit and loss to complete provisioning. Banks must disclose number and amounts of frauds, provisions made, and unamortised provisions debited from other reserves, and adhere to fraud classification and reporting rules. Circulars RBI Mon, 18 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54449