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RBI plans to change rules on loan loss provisioning
RBI plans to change rules on loan loss provisioning
The RBI will adopt the ECL approach used in IFRS 9 for prescribing guidelines for loss provisioning by banks. It has also proposed to implement, ECL approach for loss provisioning to all scheduled commercial banks, excluding regional rural banks.
The RBI will adopt the ECL approach used in IFRS 9 for prescribing guidelines for loss provisioning by banks. It has also proposed to implement, ECL approach for loss provisioning to all scheduled commercial banks, excluding regional rural banks.