India is transitioning to the ECL framework to improve credit risk transparency. By incorporating dynamic, forward-looking assessments, banks will better forecast losses, manage risks, and enhance accountability, but challenges remain in implementation, especially for smaller institutions
Rupee depreciates 1.40% so far in 2024, likely to head to 85 against US dollar
According to the Bloomberg data, in comparison to Japanese Yen and South Korea’s Won, Indian rupee seems to have held up well with volatility depreciating 1.40 percent against the US…
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