RBI asks banks to give more information on NPAs

RBI asks banks to give more information on NPAs

Mumbai: The Reserve Bank of India (RBI) has asked banks to provide sector-wise details of their non-performing assets and exposures in the balance sheets from this fiscal.

The banks have also been asked to furnish details of any special purpose vehicles 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," RBI said in an statement.

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