Share with your friends

First Notes - 10 February 2014

First Notes - 10 February 2014

RBI circular on utilisation of floating provisions


Also on

The Reserve Bank of India (RBI) has released a circular dated 7 February 2014, under which it has permitted banks to utilise up to 33 per cent of countercyclical provisioning buffer/floating provisions held by them as on 31 March 2013, for making specific provisions for non-performing assets, as per the policy approved by their Board of Directors.  

© 2020 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

Connect with us


Want to do business with KPMG?


loading image Request for proposal