ECL

This transition is not expected to change ratings on these banks

The RBI introduced a discussion paper last week that suggested banks make provisions for bad loans using the expected credit loss (ECL) method

Over the past 5-10 years, the probability of default would have been very high for the banking sector and that's why eventual ECL provisions could be higher

Coal Minister Pralhad Joshi on Thursday directed the officers of the Eastern Coalfields Ltd (ECL) to work for achieving the production target of 50 MT during the current fiscal to meet the energy requirement of the country, a statement said. In 2021-22, ECL produced 45 million tonnes (MT) of coal. On the second day of his two-day visit to the ECL areas, Joshi inaugurated several infrastructure projects that would help increase coal-loading capacity and control the pollution caused by coal production and dispatch, the statement said. Joshi also visited the View Point of Sonepur Bazari opencast project. He inspected the project and held a review meeting with officials. The minister also visited the underground coal mine in Jhanjhara, about 225 metres deep. At an annual production capacity of 3.5 MT, it is the most coal-producing underground mine in India, the statement said. Joshi is the first coal minister to visit the mine. There, he interacted with coal mine workers, besides ...

With low NPAs and high provisions, time ripe for global standards: Bankers

The invocation of the shares comes at a time when 17 lenders led by SBI and investigative agencies have stepped up pressure on Mallya for recovery of over Rs 9,000 crore loans given to the grounded Kingfisher Airlines