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RBI relaxes prudential norms on asset classification, income recognition and advances

 Q.  RBI has relaxed prudential norms on what?


a. Income recognition

b. Asset classification

c. Provisions pertaining to advances

d. All of the above




ANSWER: All of the above

RBI relaxes prudential norms on asset classification, income recognition and advancesReserve Bank of India on 21st Nov 2016 relaxed prudential norms in income recognition, asset classification and provisions pertaining to advances. Decision came following the withdrawal of INR 500 and 100 rupee notes.

Taking into consideration the problems being faced by small borrowers in repaying their loan dues, RBI has decided to provide additional 60 days time, provided that the value of the loan or crop loan is less than INR 1 crore.

Term loans, housing loans and agriculture loans whether business or personal with sanctioned amount of INR 1 crore rupees on the books of any bank or NBFC will be eligible for relaxation.

Loans sanctioned by NBFC (MFI), NBFCs, Housing Finance Companies and PACs and by State Cooperative Banks to DCCBs are also eligible for the same.

It also applies to dues payable between Nov 1 2016 and Dec 31 2016.

Dues payable before Nov 1 and after 31 Dc 2016 will be covered by the extant instruction for the respective regulated entity with regard to recognition of NPAs.

Additional time given shall not apply to defer the classification of an existing standard asset as substandard and not for restructuring of loans.


RBI: Apex Bank of India

Founded in April 1, 1935 in Kolkata

Current Governor: Urjit Patel

Reserve: 363 billion USD


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