Sebi tweaks disclosure norms for listed banks

Markets regulator Sebi has revised the disclosure requirements for listed banks regarding divergence in provisioning of assets.

The changes made in the disclosure norms are "in line with the revised RBI requirements," the regulator said in a circular dated July 17.

As per the circular, listed banks will have to disclose to the stock exchanges divergences in the asset classification and provisioning if "the additional provisioning for NPAs assessed by RBI exceeds 10 per cent of the reported profit before provisions and contingencies for the reference period."