The Reserve Bank of India has issued a revised master circular for primary (urban) co-operative banks on income recognition, asset classification, provisioning and other related prudential matters for advances. The updated circular consolidates all relevant instructions issued up to 31 March 2025 (listed in Annex 9) and replaces the previous consolidated version dated 2 April 2024. The RBI clarified that the master circular is a compilation of existing directions and does not introduce any new instructions or guidelines.
Reserve Bank of India 2025-04-01
Reserve Bank of India updates master circular consolidating income recognition, asset classification and provisioning norms for urban co-operative banks
The Reserve Bank of India released a revised master circular for primary (urban) co-operative banks on income recognition, asset classification, and provisioning. This update consolidates all instructions up to 31 March 2025, replacing the previous version from 2 April 2024, without introducing new guidelines.