The RBI informed that the lenders do not have to maintain 70% of PCR on an ongoing basis
RBI said that they need to maintain a PCR of 70% of their gross NPAs till 30 September, 2010. After that, they need to follow the standard capital provisioning requirement specified by the Basel committee norms.
RBI has said that the banks would have to set aside money based on the income recognition norms since September 2010 onwards, on incremental NPAs. This varies ranges from 10% initially when the asset is classified as substandard to 100% when it is declared as a loss asset after a few years.