Master Circular on Income Recognition, Asset Classification, Provisioning and Other Related Matters for Urban Co-operative Banks

LegalitySimplified

RBI on May 08, 2023 has issued a Master Circular on Income Recognition, Asset Classification, Provisioning and Other Related Matters for Urban Co-operative Banks. The master circular directs that Banks should classify their assets into the following broad groups, viz. –

(i) Standard Assets

(ii) Sub-standard Assets

(iii) Doubtful Assets

(iv) Loss Assets

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