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RBI
Reserve Bank of India29 days ago1 min read
Reserve Bank of India (All India Financial Institutions – Income Recognition, Asset Classification and Provisioning) Second Amendment Directions, 2026
RBI issued second amendment directions for all India financial institutions regarding income recognition, asset classification, and provisioning.
Key points
- Amended provisions on income recognition
- Updated asset classification criteria
- Revised provisioning requirements
Impact analysis
- This affects all India financial institutions and requires them to update their accounting practices.
Who should care
All India Financial Institutions
Affected industries
Banking