Wednesday, July 15, 2009

UCBs MUST PROVIDE MORE FOR BAD LOANS

The Reserve Bank of India (RBI) has asked all primary urban cooperative banks (UCBs) in the country to ensure more than the prescribed provision for non-performing assets (NPAs).RBI said that the norms for provisioning represented only the minimum requirement. Banks could put in place policies to provide for estimated actual losses in collect able amounts and make provisions accordingly.

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