BANKING

“As a further step towards converging with globally accepted prudential norms, it is proposed to adopt expected loss approach for loss allowances required to be maintained by banks in respect of their exposures,” RBI governor Shaktikanta Das said. “As a first step, a discussion paper on the various aspects of the transition will be issued shortly.”

from Banking/Finance-Industry-Economic Times https://ift.tt/ONtTWVw
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