Search For "income recognition"
RBI issues final guidelines on project finance; new norms effective from O
Updated : 11 months, 1 week ago IST
The Reserve Bank of India (RBI) on Wednesday issued the final Reserve Bank of India (Project Finance) Directions, 2025 which lays down the comprehensive framework for income recognition, asset classification, and provisioning norms for project loans under implementation.
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Reserve Bank of India penalizes Pusad Urban Co-operative Bank Ltd. for non
Updated : 2 years, 3 months ago IST
According to a press release, the penalty was levied due to the bank's failure to comply with RBI directives concerning 'Income Recognition, Asset Classification, Provisioning, and Other Related Matters.'
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RBI asks banks to ensure automation of NPA identification
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], Sep 14 (ANI): The Reserve Bank of India (RBI) on Monday asked banks to put in place and upgrade their systems and ensure automation of non-performing asset (NPA) identification.
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RBI imposes Rs 1 crore fine on LVB, Rs 75 lakh on Syndicate Bank for viola
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Oct 15 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on Lakshmi Vilas Bank for non-compliance with certain provisions of directions on Income Recognition and Asset Classification (IRAC) norms.
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RBI imposes Rs.30 million-penalty on Axis Bank
Updated : 8 years, 2 months ago IST
Mumbai (Maharashtra) [India], Mar. 5 (ANI): The Reserve Bank of India (RBI) imposed a monetary penalty worth Rs. 30 million on Axis Bank Limited (the bank) for non-compliance with the directions issued on Income Recognition and Asset Classification (IRAC) norms.
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RBI imposes Rs. 30 mn penalty on IndusInd Bank
Updated : 8 years, 5 months ago IST
New Delhi [India], Dec 13 (ANI):The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 30 million on IndusInd Bank for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and contravention of regulatory restrictions per
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