Asset Classification definition

Asset Classification has the meaning assigned to such term in Section 4.1(U).

Asset Classification has the meaning assigned to such term in Section 4.1(T).

Asset Classification has the meaning assigned to such term in Section 3.2.1(i).

Examples of Asset Classification in a sentence

• After examining the facts of the case, RBI has observed non-compliance with the directions issued by RBI on (i) Income Recognition and Asset Classification (IRAC) norms, (ii) code of conduct for opening and operating current accounts and reporting of data on Central Repository of Information on Large Credits (CRlLC) and (iii) fraud risk management and classification and reporting of frauds.

• This amount, even if overdue for a period of 90 days or more, will not make other funded facilities provided to the client, NPA on account of the principle of borrower-wise asset classification, though such receivable overdue for 90 days or more shall itself be classified as NPA, as per the extant Income Recognition and Asset Classification (IRAC) norms.

• After examining the facts of the case, RBI has observed non- compliance with the directions issued by RBI on (i) Income Recognition and Asset Classification (IRAC) norms, (ii) code of conduct for opening and operating current accounts and reporting of data on Central Repository of Information on Large Credits (CRlLC) and (iii) fraud risk management and classification and reporting of frauds.

• The subsequent asset classification for such exposures will be governed by the criteria laid out in the Master Circular - Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances dated July 1, 2015 or other relevant instructions as applicable to specific category of lending institutions (“extant IRAC norms”).

• Asset Classification Assets are classified as either financial or non-financial.

More Definitions of Asset Classification

Asset Classification shall have the meaning set forth in Section 4.19.

Asset Classification has the meaning assigned in Section 5.1(5).

Asset Classification has the meaning assigned to such term in Section 4.1.17 of this Agreement.

Asset Classification has the meaning assigned to such term in Section 4.1(T). "Bank" has the meaning assigned to such term in the first paragraph of this Plan.

Asset Classification has the meaning assigned in Section 4.l(T).

Asset Classification has the meaning assigned to such term in Section 4.1(T). "Average Closing Price" has the meaning assigned to such term in Section 2.1(B).

Asset Classification has the meaning assigned to such term in Section 3.1.13(a). "Bank" has the meaning assigned to it in the first paragraph, as supplemented by the first sentence of Recital A(4). "Bank Financial Statements" means the Bank's (a) unaudited balance sheets as of December 31, 2018, 2019, and 2020, and the related statements of income, cash flows and changes in shareholder's equity for each of the years then ended, and (b) unaudited balance sheet as of March 31, 2021, and the related unaudited statement of income, together with the Subsequent Bank Financial Statements. "Bank Merger" has the meaning assigned to such term in Recital B. "Bank Merger Agreement" means the bank merger agreement by and between Glacier Bank and the Bank to be entered into concurrently with this Agreement pursuant to which the Bank Merger will be effected. "BHC Act" has the meaning assigned to such term in Recital A(1).