Income recognition and asset classification

By:

RANE, SANJAY

Material type:

Mixed materialsPublication details: 2014Description: 86-92Subject(s):

NLM classification:

657.45

In: CHARTERED ACCOUNTANTMSummary: 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.

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Holdings
Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Periodicals/Magazines	SSCBS Library		62/8	Available		P15301

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.

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