Disclosure Requirements :
Banks which purchase nonperforming financial assets from other banks shall be required to make the following disclosures in the Notes on Accounts to
their Balance sheets:
A. Details of nonperforming financial assets purchased: (Amounts in Rupees crore)
1. (a) No. of accounts purchased during the year
(b) Aggregate outstanding
2. (a) Of these, number of accounts restructured during the year
(b) Aggregate outstanding
B. Details of nonperforming financial assets sold: (Amounts in Rupees crore)
1. No. of accounts sold
2. Aggregate outstanding
3. Aggregate consideration received
4. Additional consideration realized in respect of accounts transferred in earlier years
5. Aggregate gain / loss over net book value
C. Details of Book Value of investments in Security receipts (Amounts in Rupees crore)
1. Book Value of investments in Security receipts – Backed by NPA’s sold by bank as underlying
2. Book Value of investments in Security receipts – Backed by NPA’s sold by other banks / financial institutions/ non – banking financial companies as underlying
3. Totals of above
C. The purchasing bank shall furnish all relevant reports to RBI, Credit Information Company which has obtained Certificate of Registration from RBI and of which the bank is a member etc. in respect of the nonperforming financial assets purchased by it.