Computation of Net Worth by UCBs
master_circulars · 1934 · State unknown
Parent: THE RESERVE BANK OF INDIA ACT, 1934 (edb4b0bb51aeed408edafc1e5ca731cd0dbe73f6)
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Computation of Net Worth by UCBs 6 Please refer to Master Direction – Reserve Bank of India (Classification, Valuation and Operation of Investment Portfolio of Primary (Urban) Co-operative Banks) Directions, 2023 dated April 1, 2023 for guidelines on creation of Investment Fluctuation Reserve (IFR) by Co-operative banks Note: Funds raised through Perpetual Debt Instruments included in Tier I capital and debt capital instruments included in Tier II capital should not be reckoned as part of net worth. Perpetual Cumulative Preference Shares (PCPS), Redeemable Non-Cumulative Preference Shares (RNCPS) and Redeemable Cumulative Preference Shares (RCPS) included in Tier II capital should not be reckoned as part of net worth. No general or specific provisions should be included in computation of net worth.Rule TOC
6 · Please refer to Master Direction – Reserve Bank of India (Classification, Valuation and Operation of Investment Portfolio of Primary (Urban) Co-operative Banks) Directions, 2023 dated April 1, 2023 for guidelines on creation of Investment Fluctuation Reserve (IFR) by Co-operative banks
