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Our Bureau

Mumbai , June 23

BANKS have to introduce graded higher provisioning based on the age of non-performing assets that have been in the doubtful category for more than three years effective from March 31, 2005, according to a circular issued by the RBI.

At present, banks are required to make provisions on NPAs on a graded scale based on the age of the NPA.

However, with respect to NPAs included in the doubtful category for more than three years, the provisioning requirement on the secured portion remains unchanged at 50 per cent, irrespective of its age, till it is identified as a loss asset.

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