RBI Rejects Banks' Plea For More Time; Confirms Shift To Proactive ECL Framework From April 2027
At present, banks make a provision against an asset once the loss is incurred, while under ECL, they will move to a much more proactive system.
At present, banks make a provision against an asset once the loss is incurred, while under ECL, they will move to a much more proactive system.
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