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Our Bureau

Mumbai , Dec. 19

Banks will have to report separately their corporate or wholesale and retail business exposures effective September 30, 2007, said the Reserve Bank of India in a circular issued on Tuesday. Till now banks were required to report on three business segments — treasury, other banking business and residual.

As the other banking business segment is considered too broad, the RBI has decided to split it into three categories: corporate or wholesale banking, retail banking and other banking operations.

Retail banking will comprise all exposures to individual persons, including proprietorship concerns, subject to a limit of Rs 1 crore. All advances to individuals above Rs 1 crore would be grouped under `other banking operations.'

Wholesale banking would include exposures to partnership firms, trusts, companies and Government entities or statutory bodies. All other banking transactions not covered under wholesale and retail will be shown under `other banking operations', said the RBI.

More Stories on : RBI & Other Central Banks | Public Sector Banks | Business Models | Financial Policy

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