TY  - GEN
AU  - RANE, SANJAY
TI  - Income recognition and asset classification
PY  - 2014///
KW  - AUDITING
KW  - BANKING
N2  - The Reserve Bank of India (RBI) introduced the NPA norms relying on the Narasimham Committee recommendations and prudential norms for Income Recognition, Asset classifiaction and provisioning for the advance portfolio of the banks with the intention for proper disclosure of profit and loss and reflects the fiancial health of bank. The classification of assets has to be done on the basis of objective criteria and based on record of recovery rather than on any subjective considerations
ER  -