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Sebi tightens asset quality disclosure norms for all listed banks

The move is aimed at improving transparency and to help investors assess the risk better

Sebi
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Samie Modak Mumbai
The Securities and Exchange Board of India (Sebi) on Thursday tightened the asset quality disclosure norms for banks. The market regulator has directed all listed lenders to make disclosures pertaining to divergences and provisioning within a day of receipt of the Reserve Bank of India’s (RBI’s) final risk assessment report (RAR).

Earlier, banks used to make these disclosures as part of their annual financial statements. Also, in the past, the regulators had frowned upon certain banks for making selective disclosures from the RAR, an annual exercise conducted by the central bank.

After consultation, Sebi and RBI have set the threshold

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First Published: Oct 31 2019 | 6:07 PM IST

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