Tag: IRAC Norms

The RBI has issued a revised Master Circular consolidating guidelines (IRAC Norms 2024) on income recognition, asset classification, and provisioning for loans & advances until March 31, 2024.

Discover the key aspects of RBI's updated Master Circular on Prudential Norms for Income Recognition, Asset Classification, and Provisioning, ensuring consistency and transparency in banks' financial reporting.