India’s Shift to ECL Framework: A Game-Changer for Credit Risk Management

India is poised for a major transformation in credit risk management with its shift to the Expected Credit Loss (ECL) framework. This progressive move aims to bring greater transparency and accountability in credit risk assessment by incorporating forward-looking, dynamic evaluations. Read More …

PSBs should focus on robust asset-liability & risk management: Sitharaman

Union finance minister Nirmala Sitharaman on Saturday asked public sector banks (PSBs) to adhere to the regulatory norms and focus on robust asset liability and risk management elements.     “Banks should integrate corporate governance policies and ensure prudent liquidity Read More …

Time right for banks to address gaps in governance framework, says RBI Deputy Guv

A top Reserve Bank of India (RBI) official has said the time is right for boards of Indian banks to address gaps in governance frameworks, including ensuring appropriate risk management practices and adhering to acceptable customer and market conduct. RBI Read More …