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…
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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…