New credit risk norms for banks
The Reserve Bank of India has released new draft rules for banks. These changes aim to improve how banks manage credit risk and classify bad loans. This move is expected to reduce capital needs for sectors like MSMEs, real estate, and credit cards. Banks will now set aside provisions earlier under an expected credit loss system.🕒 1 min read
The Reserve Bank of India has released new draft rules for banks. These changes aim to improve how banks manage credit risk and classify bad loans. This move is expected to reduce capital needs for sectors like MSMEs, real estate, and credit cards. Banks will now set aside provisions earlier under an expected credit loss system.
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