Markets regulator Sebi on Tuesday asked listed banks to make additional disclosure on divergence in asset classification and provisioning to stock exchanges in a prescribed format. The move will help banks to recognise their stressed assets as non-performing more uniformly. The banks will have to disclose where additional provisioning requirements assessed by RBI exceed 15 per cent of the net profit for the reference period. If the additional gross NPAs identified by RBI exceed 15 per cent of the incremental gross NPAs for the reference period, then banks will have to make disclosure to the exchanges.
Published : Jul 19, 2017, 12:24 am IST | Updated : Jul 19, 2017, 12:24 am IST FC BUREAU ,
File more disclosures: Sebi to banks