The Reserve Bank of India (RBI) on May 08, 2023, issued a notification regarding the Master Circular - Income Recognition, Asset Classification, Provisioning, and Other Related Matters – UCBs
The following has been stated namely: -
• This has a reference to the Master Circular DOR.STR.REC.5/21.04.048/2022-23 dated April 01, 2022
•The Master Circular has been enclosed herewith which consolidates and updates all the instructions/guidelines on the subject issued to date as listed in Annex 9.
[Notification No. RBI/2023-24/26 DOR.STR.REC.14/21.04.048/2023-24]