RBI/2018-19/175
DBR.BP.BC.No.37/21.04.048/2018-19
April
24, 2019
All Scheduled Commercial Banks
All India Financial Institutions (EXIM Bank, NABARD, NHB and SIDBI)
Dear Sir/Madam,
Disclosure on Exposure to
Infrastructure Leasing & Financial Services Limited (ILFS) and its
group entities
Please refer to the National
Company Law Appellate Tribunal’s (NCLAT) order dated February 25, 2019 in
respect of I.A No. 620 of 2019 in Company Appeal (AT) No. 346 of 2018, in
terms of which “no financial institution will declare the accounts of
‘Infrastructure Leasing & Financial Services Limited’ or its entities
as ‘NPA’ without prior permission of this Appellate Tribunal”.
2. In this context, banks and
AIFIs are advised to disclose in their notes to accounts, the information
in the proforma given below.
Disclosure in respect of ILFS and
ILFS entities.
Position as on ----------
(?
in crore)
|
Amount
outstanding
(1)
|
Of
(1), total amount of exposures which are NPAs as per IRAC norms and not
classified as NPA.
(2)
|
Provisions
required to be made as per IRAC norms.
(3)
|
Provisions
actually held
(4)
|
|
|
|
|
Yours faithfully,
(Dr. S.K. Kar)
Chief General Manager
|