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.
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.
بالفعل مشترك ? تسجيل الدخول
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.
بالفعل مشترك? تسجيل الدخول
Mukesh Ambani, Gautam Adani Exit Bloomberg's $100 Billion Club
Mukesh Ambani and Gautam Adani, India’s wealthiest billionaires, have exited Bloomberg’s $100 billion club due to significant financial challenges.
SNAIL YOUR WAY TO YOUTHFUL SKIN
Would you ever guess that the secret to radiant, youthful skin could be hidden in the trail of a snail? What might sound unusual at first has turned into one of the most sought-after beauty secrets around the world.
NOMINEES ARE NOT YOUR LEGAL HEIRS!
It is common for individuals to list their loved ones as nominees, hoping they will inherit the assets in the event of their absence.
MARUTI SUZUKI DZIRE: THE UNVANQUISHED WARLORD
The sedans are losing the battle to crossovers, but the compact sedan segment has an unbeatable warrior in the form of the Maruti Suzuki Dzire.
SANTORINI: A SLICE OF PARADISE ON THE AEGEAN SEA
Thirsting for some ‘vitamin sea’ in one of the best locales of the world that looks like a picture postcard? Think of nowhere else other than Santorini, a Greek island in the southern Aegean Sea that has been wooing travellers for decades.
DISCOVER THE TRANSFORMATIVE POWER OF CREATIVITY
Creativity is often regarded as a spark of genius that leads to extraordinary works of art or ground breaking inventions.
ANTI-INFLAMMATORY DIET: HYPE OR HEALTH REVOLUTION?
In recent months, the antiinflammatory diet has gained significant attention in India thanks to actress Vidya Balan, who attributed her weight loss journey to the anti-inflammatory diet.
NON-TAX REVENUES THROUGH PPP PROJECTS
In the evolving landscape of public finance and economic development, the concept of nontax revenues has gained prominence.
NATURAL Justice
Code of Civil Procedure, 1908 governs the examination of witnesses in civil proceedings and includes provisions for cross-examination.
LEARNING TO LEVERAGE AI TOOLS FOR DECISION-MAKING
In an era where artificial intelligence (AI) the ilk ChatGPT and is rapidly advancing, its integration into decisionmaking processes across various sectors has become a topic of significant interest and debate.
