Disclosure of divergence in the asset classification and provisioning by banks

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....ification and provisioning by banks 1. Under regulation 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 (Pro....

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....Circular no. CIR/CFD/CMD1/79/2019 dated July 17, 2019 also specified 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. ....

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.... period. The format in which such disclosures are to be made has also been prescribed 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circular CIR/CFD/CMD/80/2017 dated July 18, 2017 and amended circular CIR/CFD/CMD1/79/2019 dated July 17, 2019 are withdrawn. 8.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 d....

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....Gross NPAs (2-1)   4. Net NPAs as on March 31, 20XX as reported by the bank   5. Net NPAs as on March 31, 20XX as assessed by RBI   6. Divergence in Net NPAs (5-4)   7. Provisions for NPAs as on March 31, 20XX as reported by the bank   8. Provisions for NPAs as on March 31, 20XX as assessed by RBI   9. Divergence i....