Therefore, the working group recommended that once the higher provisions and risk weights (if applicable) on restructured advances (classified as standard either ab-initio or on upgradation from NPA category) revert back to the normal level on account of satisfactory performance during the prescribed period, such advances should no longer be required to be disclosed by banks as restructured accounts in the “Notes on Accounts” in their Annual Balance Sheets.
It is therefore, against this background, distinguished guests, ladies and gentlemen that the Bank decided to subscribe to Tip-Offs Anonymous as a mechanism for early detection and a deterrent against fraud, corruption and any unethical concerns the Bank may encounter.