No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2009-10/383 · issued 07 Apr 2010 · ~1 min read
Quick answerRBI has directed select All-India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI) to apply the same prudential norms on income recognition, asset classification, and provisioning for projects under implementation as applicable to banks, effective from the referenced circular.
What changed
RBI issued a circular extending its prudential norms on income recognition, asset classification, and provisioning for advances related to projects under implementation to select AIFIs. These norms, originally applicable to banks via a March 2010 circular, now apply mutatis mutandis to Exim Bank, NABARD, NHB, and SIDBI.
What it means for you
AIFIs must align their project loan classification and provisioning practices with bank-level standards, potentially tightening recognition of stressed projects. This ensures uniformity in prudential treatment across lenders, impacting how these institutions report asset quality and set aside provisions for under-implementation projects.
Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.
What banks were required to do at the time
Review the referenced bank circular (DBOD.No.BP.BC.85/21.01.048/2009-10) for detailed norms on project loans.
Update internal policies for income recognition, asset classification, and provisioning for projects under implementation to match bank guidelines.
Train credit and risk teams on the new classification triggers for under-implementation projects.
Ensure compliance reporting systems capture project loan data as per the extended norms.
Who it affects
Exim Bank, NABARD, NHB, SIDBI, All-India Financial Institutions (AIFIs)
repealed_by — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
Status change: withdrawn03 Aug 2026, 04:00 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
Which institutions are covered by this circular?
The circular applies to select All-India Term-lending and Refinancing Institutions: Exim Bank, NABARD, NHB, and SIDBI.
What is the effective date of these norms?
The norms are effective from the date of the circular, April 7, 2010, referencing the bank circular dated March 31, 2010.
Do these norms change anything for banks?
No, banks were already subject to the original circular. This extension only brings AIFIs under the same framework.
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed byRBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #1734: DBOD.No.FID.FIC.10/01.02.00/2009-10 — "Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Projects under I”
📜 Read the original circular — full text as issued by RBI
RBI/2009-10/383
DBOD.No.FID.FIC.10/01.02.00/2009-10
April 7, 2010
The CEOs of the select All-India Term-lending and Refinancing Institutions
(Exim Bank, NABARD, NHB and SIDBI)
Dear Sir,
Prudential Norms on Income Recognition, Asset Classification and
Provisioning Pertaining to Advances - Projects under Implementation
Please find enclosed a copy of Circular DBOD.No.BP.BC.85/21.01.048/2009-10 dated March 31, 2010 on the above subject. In this connection, it is advised that the above guidelines issued to banks, shall mutatis mutandis apply to the select All India Financial Institutions (AIFIs).
Yours faithfully
(Vinay Baijal)
Chief General Manager
Encl.: As above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2009-10/383 · issued 07 Apr 2010. The plain-English explanation above is BankPulse’s own independent summary.
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BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=5573&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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