BANKING

The ECL approach will require banks to increase provisions by 20-40%, largely on account of higher regulatory backstop compared with the IRAC norms, higher exposure consideration for undrawn facilities, cooling period for moving from stage 3 to 1, and lifetime provisioning considerations for stage 2 borrowers which are standard as per IRAC norms.

from Banking/Finance-Industry-Economic Times https://ift.tt/FStz54x
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