Supreme Court Upholds Conviction as Husband Failed to Explain Wife’s Death in Matrimonial Home || Supreme Court: Crime Scene Re-Enactment Does Not Always Violate Right Against Self-Incrimination || Supreme Court: Cognizance Taken Without Hearing Accused under BNSS Section 223 is Void Ab Initio || Supreme Court Upholds Will in Sister’s Favour, Says Excluding Natural Heirs is Not Suspicious || Delhi HC: Absence of Public Witnesses and Videography in NDPS Recovery Relevant for Bail Decisions || Raj HC Initiates Suo Motu Cognizance Over Severe Water Crisis in Jodhpur, Issues Interim Directions || Del HC: Courts Cannot Direct, Monitor Inquiry Into Police Delay in Investigation After Bail Decision || Supreme Court: After the BNSS, a Pre-Cognizance Hearing is Mandatory in PMLA Cases || SC: Landowners Cannot be Forced to Waive Statutory Compensation to Claim Other Benefits || Supreme Court: Banks are Lenient With Big Borrowers But Strict With Ordinary Loan Applicants

Provisioning pertaining to Fraud Accounts- (Reserve Bank of India) (18 Apr 2016)

MANU/RMIC/0065/2016

Banking

Reserve Bank of India notified amendments to provisions in respect of Fraud Accounts. Banks making good amounts upon detection of fraud can adjust financial collateral eligible under Basel III Capital Regulations - Capital Charge for Credit Risk (Standardised Risk). Adjustments can be made over a period of four quarters, to not adversely affect quarterly profit and loss. If banks choose to adjust the fraud over a period spanning two to four quarters, all not falling under the same financial year, they should debit ‘other reserves’ by the amount being carried over to the subsequent financial year.

Relevant : Provisioning pertaining to Fraud Accounts MANU/RMIC/0132/2015

Tags : FRAUD ACCOUNTS BANKS ADJUSTMENT PROFIT AND LOSS

Share :