RBI asks banks to give more info on NPAs

Source:Press Trust of India / Mumbai March 16, 2010, 16:07 IST

The Reserve Bank of India (RBI) has asked banks

to provide sector-wise details of their non-performing assets 

(NPAs) and exposures in the balance sheets from this fiscal.


The banks have also been asked to furnish details of any 
special purpose vehicles (SPVs) sponsored by the banks.

According to analysts, the move would bring in more
transparency in the banks' operations.

"It has been decided to prescribe the following additional
disclosures in the 'notes to accounts' in the banks' balance
sheets...(like) concentration of deposits, advances, exposures
  and NPAs, sector-wise NPAs, overseas assets, NPAs
and revenue, off-balance sheet SPVs sponsored by banks,"
the RBI said in an statement.

Banks would have to follow the format from the year ending
March 31, 2010, the RBI said.