The Reserve Bank of India has asked banks to disclose sector-wise advances in the ‘Notes to Accounts’ to the financial statements from the financial year 2014-15 onwards. Within the sector-wise advances, RBI has sought disclosure on priority sector (agriculture and allied activities, advances to industries sector eligible as priority sector lending, services, and personal loans) and non-priority sector advances (agriculture and allied activities, industry, services, and personal loans). The central bank says banks may also make disclosures on sub sectors where the outstanding advances exceed 10 percent of the outstanding total advances to that sector. For instance, if a bank’s outstanding advances to the mining industry exceed 10% of the outstanding total advances to ‘Industry’ sector it should disclose details of its outstanding advances to mining separately under the ‘Industry’ sector.
