Expected Credit Loss (ECL)

Category : Business and economics Published on: October 11 2023

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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.

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