Latest Asset Classification News & Updates

Mumbai, April 27 (IANS) The Reserve Bank of India (RBI) on Monday released its final guidelines on asset classification and provisioning for lenders, marking a significant shift toward a more forward-looking risk assessment framework. The rules, which were first proposed in draft form in October last year, will come into force from April 1, 2027, despite banks urging the regulator to delay implementation.At the heart of the new framework is the introduction of the Expected Credit Loss (ECL) appr…