The bank failed to comply with RBI directions on ‘Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Credit Card Accounts’. RBI has imposed a penalty of ₹2.5 crore onJammu and Kashmir Bank. It did not comply with RBI directions on ‘Creati...
10. RBI revised NPAs provision norms for co-operative banks to ensure uniformity. The Reserve Bank of India issued norms for uniformity in the treatment of Bad and Doubtful Debt Reserve (BDDR) for prudential purposes. These revised norms will be for Urban cooperative Banks, State Cooperative Ban...
Based on their Tier-I capital, UCBs are required to follow prudential exposure limits of 15% for a single borrower/party and 25% for a group of related borrowers/parties. Furthermore, up to a limit of ₹1 crore per borrower/party, at least 50% of their loans must be in quantities ...