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Bracing for Impact: How RBI’s Expected Credit Loss (ECL) Model is Reshaping Indian Banking The Indian banking sector is on the cusp of a monumental shift in how it accounts for bad loans. The Reserve Bank of India (RBI) is steering the industry away from the traditional “incurred loss” model towards a more forward-looking “Expected…
In the complex world of finance, regulations are the bedrock of stability and trust. However, over decades, the accumulation of rules can create a labyrinthine system that is difficult to navigate, even for the institutions it governs. Recognizing this, the Reserve Bank of India (RBI) has embarked on an ambitious spring-cleaning exercise of monumental proportions:…
RBI Shakes Up the System: New Committee to Overhaul Banking Rules – What It Means for You In a landmark move set to redefine India’s financial landscape, the Reserve Bank of India (RBI) has announced the formation of a high-powered RBI New Regulatory Review committee dedicated to the periodic review of its extensive regulatory framework….