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The prudent guidelines were first issued by RBI in the year 1991 implemented wef 01.04.1992 on recommendations of Narasimham committee covering, income recognition, asset classification and provisioning. Prudential norms prescribed by RBI include norms relating to Accounting, Exposure, and Capital Adequacy. Prudential accounting norms are income recognition, asset classification and…

Second Bi-monthly Monetary Policy highlight, 2018-19

The Reserve Bank for the first time in four-and-half-years raised key interest rate today by 25 basis points to 6.25 % on inflation concerns arising from surge in international oil prices.   In the second bi-monthly monetary policy for the current fiscal, the central bank revised upwards the retail inflation…