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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sebi must issue strict guidelines on research reports and stock tips by brokers

    After prescribing a corporate governance code for companies, capital market regulator, Securities and Exchange Board of India (Sebi) is drafting prude

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

Myanmar must realise its importance

Myanmar is not just one of the neighbours of India. ...

Rajgopal Nidamboor

Of life, harmony and divine insight

We are all endowed with energy — something we don’t ...

Gautam Gupta

Moral policing is the need of the hour

Recently, when Deepika Padukone raised her voice against an objectionable ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture