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Banks to put in place a system of automation of Income Recognition, Asset Classification & Provisioning processes: RBI

September 15, 2020
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In order to ensure the completeness and integrity of the automated Asset Classification (classification of advances/investments as NPA/NPI and their upgradation), Provisioning calculation and Income Recognition processes, banks are advised to put in place / upgrade their systems to conform to the following guidelines latest by June 30, 2021.
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