Prudential Norms definition
Prudential Norms means liquidity and solvency norms for commercial banks contained in the Core Principles for Effective Banking Supervision, as published by the Basel Committee on Banking Supervision in October 2006 and revised from time to time, and solvency and asset coverage norms for insurance companies contained in the Insurance Core Principles and Methodology, as adopted by the International Association of Insurance Supervisors in October 2003 and revised from time to time.
Examples of Prudential Norms in a sentence
On November 12, 2021, the Reserve Bank of India issued a circular on Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances (IRACP).
The said report confirms compliance by the Company during the financial year ended 31st March, 2019 of all the directions and Prudential Norms as prescribed by Reserve Bank of India under the Reserve Bank of ▇▇▇▇▇ ▇▇▇, ▇▇▇▇.
The said report confirms compliance by the Company during the ▇▇▇▇▇- cial year ended 31st March, 2021 of all the directions and Prudential Norms as prescribed by Reserve Bank of India under the Reserve Bank of India Act, 1934.