{"id":99551,"date":"2020-08-14T09:28:57","date_gmt":"2020-08-14T09:28:57","guid":{"rendered":"https:\/\/www.edristi.in\/?p=99551"},"modified":"2020-08-14T09:28:59","modified_gmt":"2020-08-14T09:28:59","slug":"rbi-system-based-asset-classification-for-ucbs","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/rbi-system-based-asset-classification-for-ucbs\/","title":{"rendered":"RBI :System-based asset classification for UCBs"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Question : Which one of the following statement is true regarding System-based asset classification ?<br><\/strong>(a)It refers to asset classification (downgrading as well as upgrading) carried out by computerized systems of a bank in an automated manner<br>(b)RBI asked urban co-operative banks (UCBs) with assets of \u20b9250 crore or more to implement system-based asset classification from 30 June 2021<br>(c) RBI asked urban co-operative banks (UCBs) with assets of \u20b9500 crore or more to implement system-based asset classification from 30 June 2021<br>(d) None of the above<br><strong>Answer : (a)<br>Related facts<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>RBI has recently(12 August 2020) asked urban co-operative banks (UCBs) with assets of \u20b92,000 crore or more to implement system-based asset classification from 30 June 2021.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>SBAC(System-based asset classification)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>It refers to asset classification (downgrading as well as upgrading) carried out by computerized systems of a bank in an automated manner.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Objective<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>In order to improve the efficiency, transparency and integrity of the asset classification process, it has been decided to implement system-based asset classification1 in urban co-operative banks (UCBs). The relevant instructions in this regard are as under:<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">1) UCBs having total assets of \u20b92000 crore or above as on March 31, 2020 shall implement system-based asset classification with effect from June 30, 2021.<br>2) UCBs having total assets of \u20b91000 crore or above but less than \u20b92000 crore as on March 31, 2020 and having self-assessed themselves as being under Level III or Level IV shall implement system-based asset classification with effect from September 30, 2021.<br>3) UCBs which meet the above criteria as at the end of the current or subsequent financial years shall implement system-based asset classification within a period of six months from the end of the financial year concerned.<br>4) For smooth implementation of the system, all concerned UCBs may conduct pilot\/parallel run and evaluate the results for accuracy\/integrity of the asset classification in compliance with the applicable RBI instructions so as to ensure that they are ready for implementation of the system-based asset classification from the appointed date.<br>5) UCBs not meeting the above criteria are also encouraged to voluntarily implement the system-based asset classification in their own interest.<\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong>By &#8212; Pankaj Pandey.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Link:<\/strong><br><a href=\"https:\/\/www.rbi.org.in\/Scripts\/NotificationUser.aspx?Id=11948&amp;Mode=0\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.rbi.org.in\/Scripts\/NotificationUser.aspx?Id=11948&amp;Mode=0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question : Which one of the following statement is true regarding System-based asset classification ?(a)It refers to asset classification (downgrading as well as upgrading) carried out by computerized systems of a bank in an automated manner(b)RBI asked urban co-operative banks (UCBs) with assets of \u20b9250 crore or more to implement system-based asset classification from 30 [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":99552,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-99551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/99551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=99551"}],"version-history":[{"count":1,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/99551\/revisions"}],"predecessor-version":[{"id":99553,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/99551\/revisions\/99553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/99552"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=99551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=99551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=99551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}