New Delhi, June 11 (IANS) Jharkhand Chief Minister Hemant Soren raised several long-pending issues concerning his state and sought the Centre’s support at the meeting of the NITI Aayog Governing Council, chaired by Prime Minister Narendra Modi, here on Thursday.Soren urged the Centre to release pending funds under the Jal Jeevan Mission and clear outstanding dues of around Rs 1.36 lakh crore owed by coal companies to the state.He also called for simplification of land acquisition procedures an…
Latest ECL 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…
Mumbai, Feb 3 (IANS) Bajaj Finance on Tuesday reported a 5.6 per cent decline in consolidated net profit for the December quarter (Q3 FY26).The non-banking financial company (NBFC) posted a net profit of Rs 4,066 crore, compared to Rs 4,308 crore in the same quarter last financial year (Q3 FY25), according to its stock exchange filing.On a sequential basis, profit fell 18 per cent from Rs 4,947 crore reported in the September quarter (Q2 FY26), as per its regulatory filing.The company said profi…