Publication of Extrordinary Notification

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-06082026-275241 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 4167] NEW DELHI, THURSDAY, AUGUST 6, 2026/SHRAVAN 15, 1948 THE GAZETTE OF INDIA : EXTRAORDINARY MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 6th August, 2026 S.O. 4343(E). — In exercise of the powers conferred by sub-section (1) of section 53 of the Banking Regulation Act, 1949 (10 of 1949), the Central Government, on the recommendation of the Reserve Bank of India, hereby declares that the provisions of sub-section (1) of section 15 of the said Act shall not apply to a banking company in so far as it relates to the treatment of unamortized expenditure on account of recognition of income under the "Effective Interest Rate" method as specified in the Reserve Bank of India (Commercial Banks - Asset Classification, Provisioning and Income Recognition) Directions, 2026, issued vide circular number, RBI/DOR/2026-27/398, dated the 27th April, 2026. [e. F. No. 13/22/2026-BOA-II] SHALINI PANDIT, Jt. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.