|Chennai||Rs. 27770.00 (0.07%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
MUMBAI, March 22 (Reuters) - India's central bank said on Friday banks' "contingent liability" items do not conform with priority sector lending guidelines.
Banks' "contingent liabilities" include non-fund liabilities such as bank guarantees.
"Therefore, banks are advised to declassify such accounts with retrospective effect, where a contingent liability/off-balance sheet item is treated as part of priority sector target achievement," the Reserve Bank of India said in a statement. (Reporting by Shamik Paul; Editing by Subhranshu Sahu)