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SEBI tightens norms for listed banks on loan divergences disclosures

November 1, 2019
In consultation with RBI, SEBI has been decided that the listed banks shall make disclosures of divergences and provisioning beyond specified threshold, as mentioned in RBI notifications, as soon as reasonably possible and not later than 24 hours upon receipt of the Reserve Bank’s Final Risk Assessment Report (‘RAR’), rather than waiting to publish them as part of annual financial statements
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