RBI asks banks to disclose sector-wise loans from next fiscal

Tags: News
The RBI today asked banks to make sector-wise disclosure of their advances from 2014-15 onwards with a view to encourage them to actively manage exposure to various segments.

"Banks are advised to disclose sector-wise advances in the ‘Notes to Accounts’ to the financial statements as per the format...From the financial year 2014-15 onwards," the RBI said in a notification.

Banks may also disclose advances to sub sectors where the outstanding advances exceeds 10 per cent of the total advances to that sector, it said.

For instance, if a bank's outstanding advances to the mining industry exceed 10 per cent of the total advances to industry sector, it should disclose details of its outstanding advances to mining separately in the format above under the industry sector, it added.

This disclosure requirement has been added based on recommendations of the Committee on Comprehensive Financial Services for Small Businesses and Low Income Households under chairmanship of Dr. Nachiket Mor to encourage banks to actively manage their exposures to various sectors, including priority sector.

EDITORIAL OF THE DAY

  • Modi’s team seems to have made modest inroads into Trump’s White House

    The moot question being asked in political circles is this: where do Indo-US relations go after the hectic two-day whirlwind tour of prime minister Na

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Freedom Files : THE LAST SHEPHERD

The deep sense of foreboding was still to set in, ...

Susan Visvanathan

Ideologies are myopic

While multinationals have stabilised in India, and recruitment portals are ...

Rajgopal Nidamboor

Your attitude can transform your life

Our attitude reflects our feelings, beliefs, or frame of mind, ...