The Reserve Bank of India (RBI) has taken a significant step by forming an external working group (WG) to address the expected credit loss (ECL) framework for loan loss provisioning. This initiative aims to gather independent insights into the intricacies of this substantial shift in the banking sector.
The primary objectives of this working group include:
The recommendations of the WG will play a crucial role in shaping RBI’s guidelines for the ECL framework. These draft guidelines will undergo a public feedback process before their finalization.
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