Prudential Regulations (PRs)
—The PRs for Corporate/Commercial Banking
cover the following four areas:
—Risk
Management – Limit on
exposure to single borrower, against shares, against unsecured financing,
provisioning against NPLs, etc
—Corporate
Governance - FPT for board members
& key executives, etc.
—Customer
Due Diligence & AML – To prevent the use of banking channels for ML & TF,
etc.
—Operations
– refrain banks from window
dressing, timely settlement of suspense account entries, etc.