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.
This story is from the April - May 2023 edition of UNIQUE TIMES.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April - May 2023 edition of UNIQUE TIMES.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
WHAT IS SUBSTANTIAL QUESTION OF LAW
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.
THE ENTREPRENEURIAL MINDSET
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.
KERALA'S VISION FOR SUSTAINABLE AND INCLUSIVE TOURISM: An Exclusive Interview With Minister Mohammed Riyas
Kerala is setting global benchmarks in sustainable tourism under the leadership of Tourism Minister Mohammed Riyas. The state’s Responsible Tourism RT) Mission uplifts local communities and promotes eco-friendly travel. With initiatives like coastal tourism upgrades, adventure events, and improved air connectivity, Kerala aims to attract diverse travel segments, including destination weddings and wellness tourism. Prioritizing women’s safety, infrastructure development, and innovation, the state envisions becoming a global leader in beach tourism, adventure sports, and wellness, driving economic growth and creating jobs.
SAVOUR THE SWEETNESS OF ROMANCE IN VERONA
Young couples often begin their pilgrimage of love from the Balcony of Casa di Giulietta. It is believed to be the site where Romeo confessed his love to Juliet. Dating back to the 1300s, this house was owned by the Del Capello family and its stone balcony is its star attraction.
KERALA'S ECONOMIC RENAISSANCE: A VISION FOR INCLUSIVE GROWTH
My vision extends beyond policy frameworks—it calls for a fundamental reimagining of how we support women entrepreneurs. We must create an ecosystem that addresses their unique challenges, from access to capital, to mentorship networks. By collaborating with major financial institutions, we can develop specialised funding programmes for women-led startups.
DISCOVER THE BEAUTY BENEFITS OF NATURE'S CREAMY WONDER
In every culture across the globe, curd (or yoghurt) has been revered not just as a delicious addition to meals but as a magical potion for beauty.
THE NEED FOR INCLUSIVE GROWTH IN ANY ECONOMY
Inclusive growth is vital for achieving sustainable development and reducing inequalities within society. It requires comprehensive planning and a strategic approach from governments to ensure that all segments of the population benefit from economic progress.
The Lost Strength
Rajiv Ambat is a well-known speaker and author of the best-selling book The Midriff Crisis' and a lifestyle expert. Under the guidance of Rajiv, his team at SOLVEMyHealth helps their clients manage sleep disorders, apart from dealing with male sexual health conditions. At NuvoVivo, his team specialises in managing various lifestyle disorders of their clients through structured and scientific diet and exercise protocols customised for each individual.
DISCOVER THE BEAUTY BENEFITS OF NATURE'S CREAMY WONDER
In every culture across the globe, curd (or yoghurt) has been revered not just as a delicious addition to meals but as a magical potion for beauty.
THE ENTREPRENEURIAL MINDSET
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.
