MANU/RMIC/0115/2020

Ministry : Reserve Bank of India

Department/Board : Department of Regulation

Circular No. : DoR(PCB).BPD.Cir.No.1/13.05.001/2020-2021
                   RBI/2020-2021/23

Date : 12.08.2020

Notification/ Circulars Referred : Master Circular DCBR.BPD. (PCB) MC No.12/09.14.000/2015-16 dated July 1, 2015 MANU/RMIC/0277/2015;Circular DoS.CO/CSITE/BC.4083/31.01.052/2019-20 dated December 31, 2019 MANU/RMIC/0170/2019 Master Circular DCBR.BPD. (PCB) MC No.12/09.14.000/2015-16 dated July 1, 2015 MANU/RMIC/0277/2015;Circular DoS.CO/CSITE/BC.4083/31.01.052/2019-20 dated December 31, 2019 MANU/RMIC/0170/2019

Citing Reference:
Master Circular DCBR.BPD. (PCB) MC No.12/09.14.000/2015-16 dated July 1, 2015 MANU/RMIC/0277/2015  Referred

Circular DoS.CO/CSITE/BC.4083/31.01.052/2019-20 dated December 31, 2019 MANU/RMIC/0170/2019  Referred

The Chief Executive Officer
All Primary (Urban) Co-operative Banks

Madam / Dear Sir,

System-based asset classification - UCBs

Please refer to the Master Circular DCBR.BPD. (PCB) MC No.12/09.14.000/2015-16 dated July 1, 2015 containing consolidated instructions on income recognition, asset classification, provisioning and other related matters.

2. In order to improve the efficiency, transparency and integrity of the asset classification process, it has been decided to implement system-based asset classification¹ in urban co-operative banks (UCBs). The relevant instructions in this regard are as under: