MANU/SDIP/0007/2019
Ministry : Securities and Exchange Board of India
Department/Board : Corporation Finance Department
Circular No. : CIR/CFD/CMD1/120/2019
Date : 31.10.2019
Citing Reference:
DBR.BP.BC.No. 63/21.04.018/2016-17 dated April 18, 2017 MANU/RMIC/0046/2017 Referred
DBR.BP.BC.No.32/21.04.018/2018-19 dated April 1, 2019 MANU/RMIC/0039/2019 Referred
Circular No. CIR/CFD/CMD/80/2017 dated July 18, 2017 MANU/SDIP/0004/2017 Referred
Circular no. CIR/CFD/CMD1/79/2019 dated July 17, 2019 MANU/SDIP/0005/2019 Referred
Notification/ Circulars Referred : DBR.BP.BC.No. 63/21.04.018/2016-17 dated April 18, 2017 MANU/RMIC/0046/2017;DBR.BP.BC.No.32/21.04.018/2018-19 dated April 1, 2019 MANU/RMIC/0039/2019;Circular No. CIR/CFD/CMD/80/2017 dated July 18, 2017 MANU/SDIP/0004/2017;Circular no. CIR/CFD/CMD1/79/2019 dated July 17, 2019 MANU/SDIP/0005/2019
To
All banks which have listed specified securities
All the Recognized Stock Exchanges
Madam / Sir,
Disclosure of divergence in the asset classification and provisioning by banks
1. Under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR Regulations') a listed entity shall disclose to stock exchange(s) all events or information, which are material, as soon as reasonably possible and not later than twenty four hours from the occurrence of event or information.
2. Further, SEBI (Prohibition of Insider Trading) Regulations, 2015 ('SEBI PIT Regulations'), mandates prompt disclosure of unpublished price sensitive information that would impact price discovery no sooner than credible and concrete information comes into being.
3. RBI vide Notification No. RBI/2016-17/283; DBR.BP.BC.No. 63/21.04.018/2016-17 dated April........