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Friday, 7 July 2017

On Thursday private sector lender, RBL Bank said that the divergences between its own gross bad loan estimates and those made by the RBI stood at Rs 339.30cr at the end of 2015-16. ‘Disclosure in the “Notes to Accounts” to the financial statement-Divergence in the asset classification and provisioning’ is a notification released by RBI on April 18,2017 for better transparency in the banking system and to curb NPAs to all the banks of India. RBI found that norms set for asset classification and provisioning were breached by the banks.

The divergence must be disclosed if there is a more than 15% difference in their assessment of bad loans v/s the regulator, urged by the Central Bank. Gross non-performing NPAs as assessed by RBI stood at Rs 547.35 Cr fro 2015-16 on 31 March 2016 the bank had re [ported gross NPAs of Rs 208.05cr. It has a 2324104 share of NSE+BSE were traded on the counter and has a Rs 19779.88cr of a current market cap.

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