RBI to give banks more time to implement ECL-based provisioning

“We have received comments from stakeholders which are being evaluated. Some more work is to be done. At this point of time it will not be correct to infer that (June) 30th will be the date when it will be launched,” deputy governor M Rajeshwar Rao, who is in charge of regulations said.

RBI to give banks more time to implement ECL-based provisioning
“We have received comments from stakeholders which are being evaluated. Some more work is to be done. At this point of time it will not be correct to infer that (June) 30th will be the date when it will be launched,” deputy governor M Rajeshwar Rao, who is in charge of regulations said.