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SEBI (Prohibition of Insider Trading) Regulations, 2015 ('SEBI PIT Regulations'), mandates prompt disclosure of unpublished price sensitive information that would impact price discovery no sooner than credible and concrete information comes into being.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........