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

  • Fall in sale of e-books globally is being attributed to screen fatigue

    Screen fatigue seems to have hit the human race big time, given that eyes are constantly exposed to various screens, from android and Apple I-phones,

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium: INDIA’S kill zones

In a curious twist after the 1999 Lok Sabha hustings, ...

Gautam Datt

<b>Newsmaker<b>: Caught in the middle

Historic opportunities can be easily squandered if they are not ...

Kuruvilla Pandikattu

The forgotten hero of science & religion

Young students of science will recognise Albert Einstein, Isaac Newton, ...