What changed
- Explanation to para 5(4)(v) modified to use Small Finance Banks' stressed asset resolution definition
- Amendments come into force on April 1, 2027
What it means for you
- Aligns Urban Cooperative Banks' stressed asset resolution with Commercial Banks' norms
- Enhances consistency in asset classification and provisioning across banking sectors
What you must do
- Review and update asset classification and provisioning processes
- Ensure compliance with amended Directions from April 1, 2027
Who it affects
Urban Cooperative Banks, Commercial Banks, Small Finance Banks
What is the effective date of the amendments?
April 1, 2027
What is the purpose of the amendments?
To align Urban Cooperative Banks' stressed asset resolution with Commercial Banks' norms