Expected Credit Loss (ECL)

Category : Business and economics Published on: October 11 2023

Share on facebook

The expected credit loss framework is a method of estimating and provisioning for expected credit losses in the banking sector.
Recently the Reserve Bank of India has constituted a 9-member committee to review the standards of ECL.
This committee was headed by former professor R. Will be done by Narayanaswami.
Apart from Narayanaswami, it includes 8 other members.
The committee will suggest simplification of credit risk model principles, credit risk elements, verification process.
The committee will submit its report to RBI in 3 months.

British Rule Drained India’s Wealth, Says New NCERT Class 8 Book.
Read More....
SBI to Raise ₹20,000 Crore via Basel III-Compliant Bonds in FY 2025–26.
Read More....
Israeli Airstrike Hits Syrian Military HQ Gate in Damascus.
Read More....
U.S. Scientists Create Most Precise Atomic Clock Using Quantum Logic.
Read More....
Praggnanandhaa Defeats Magnus Carlsen at Freestyle Chess Grand Slam.
Read More....
Cabinet Approves ₹Dhan-Dhaanya Krishi Yojana for 100 Districts.
Read More....
Andre Russell to Retire from International Cricket After T20I Series vs Australia.
Read More....
Deepika Wins Global Skill Award for Goal Against Netherlands.
Read More....
IAS Officer Sanjay Kaul Appointed CEO of GIFT City, Gujarat.
Read More....
UPI-PayNow Link Between India and Singapore Now Includes 19 Banks.
Read More....