Disclosure of divergence in the asset classification and provisioning by banks

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....n 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR Regulations') a listed entity shall disclose to stock exchange(s) all events or information, which are material, as soon as reasonably possible and not later than twenty four hours from the occurrence of event or information. 2. Further, SEBI (Prohibition of Insider Trading) Regulations, 2015 ('SEBI PIT R....

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....ified the said disclosure requirements to all banks, which have listed specified securities. 5. These disclosures in respect of divergence and provisioning are in the nature of material events / information and hence, necessitate immediate disclosure. Further, this information is also price sensitive, requiring prompt disclosure. 6. Accordingly, in consultation with RBI, it has been decided that....

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....ribed by RBI (Annex A). 7. SEBI's circular CIR/CFD/CMD/80/2017 dated July 18, 2017 and amended circular CIR/CFD/CMD1/79/2019 dated July 17, 2019 are withdrawn. 8. The Stock Exchanges are advised to bring the provisions of this circular to notice of all banks which have listed specified securities and also to disseminate it on their websites. 9. This circular shall come into force with immediate....