RBI proposes new norms for banks' loan loss provisions
The central bank proposes to amend the regulations governing loan loss provisioning to incorporate a more forward looking "expected credit losses approach".
The central bank proposes to amend the regulations governing loan loss provisioning to incorporate a more forward looking "expected credit losses approach".
RBI says there’s a need to promote the spread of digital banking in rural areas. It’ll also issue instructions to regulate offline payment aggregators soon to bring in synergy in their regulation