Disclose NPA divergences within 24 hours: Sebi to banks https://ift.tt/2oA2PhA - Walletnews For Me

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    Thursday, October 31, 2019

    Home Business News: Latest News on Business Financial News India Business & World Business News Stock Markets Disclose NPA divergences within 24 hours: Sebi to banks https://ift.tt/2oA2PhA

    Disclose NPA divergences within 24 hours: Sebi to banks https://ift.tt/2oA2PhA

    Markets regulator Sebi on Thursday tightened the rules for banks to disclose any under-reporting of a bad loan that is flagged during an RBI inspection. Sebi said any net NPA divergence of 10% or more of the bank’s profit and any gross NPA divergence of 15% or more has to be disclosed within 24 hours of receipt of such a letter from the regulator.
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