Banks face one-time impact on capital with transition to ECL framework: ICRA
- According to ICRA, the final guidelines are expected to be notified by FY2024 for implementation from April 1, 2025
NEW DELHI : The Reserve Bank of India’s (RBI) discussion paper on the implementation of the expected credit loss (ECL)-based loss provisioning by banks is expected to be an important step towards their eventual shift to the Indian Accounting Standards (IND-AS) regime, said a new report by ICRA.
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