The Reserve Bank of India issued a revised Master Circular for all commercial banks excluding regional rural banks, consolidating the prudential norms on income recognition, asset classification and provisioning pertaining to advances. The update incorporates all instructions issued up to March 31, 2025. The revised circular replaces the previous consolidation dated April 2, 2024 and is intended only to compile existing requirements, with no new instructions or guidelines; the included instructions are listed in Annex 5.
Reserve Bank of India 2025-04-01
Reserve Bank of India updates master circular consolidating prudential norms on income recognition, asset classification and provisioning for advances
The Reserve Bank of India released a revised Master Circular for commercial banks, excluding regional rural banks, consolidating prudential norms on income recognition, asset classification, and provisioning for advances. This update compiles existing instructions up to March 31, 2025, without introducing new guidelines.