In early January, this year, the Reserve Bank of India (RBI) put on public domain a 'Discussion Paper on Introduction of Expected Credit Loss Framework for Provisioning by Banks' for comments and suggestions from all stakeholders including the general public. The document provides a new framework to assess the credit risks of the banking system well in advance of any actual slippages so that no systemic risks ensue from such incidence in the future.
To put it simply, RBI’s move to introduce provisioning for bad loans based on expected losses rather than incurred losses will act as an insurance against any systemic risks stemming from potential episodes of bad loan cycle, if any, in the future. Such a framework, in my view, will fortify the asset quality of the financial sector further so that the system can side step any surprises from credit risks during the business cycles going forward.
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هذه القصة مأخوذة من طبعة April - May 2023 من UNIQUE TIMES.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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Adv Sherry Samuel Oommen: This article is authored by Adv Sherry Samuel Oommen. He specialises in the Constitution, tax and corporate laws and has also cleared the final exams of the Institute of Chartered Accountants of India, the Institute of Cost Accountants of India and the Institute of Company Secretaries of India. He has also completed his Masters's Degree in Commerce, apart from obtaining a Post Graduate Diploma in Business and Corporate Laws from Symbiosis, Pune. The views expressly are personal and should not be construed as a legal opinion. sherryoommen@nashcp.com.
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An individual possessing an entrepreneurial mindset perceives challenges as distinct opportunities for growth. They thrive in dynamic environments and are quick to capitalise on opportunities as they arise. This mindset is conducive to the continuous development of new skills, as those who embody it recognise the importance of ongoing learning.
