Ecl
Indian banks well placed to transit to Expected Credit Loss regime: S&P
This transition is not expected to change ratings on these banks
 "Indian banks well placed to transit to Expected Credit Loss regime: S&P")
Indian banks' switch to IFRS norms unlikely to drive rating changes: Fitch
The RBI introduced a discussion paper last week that suggested banks make provisions for bad loans using the expected credit loss (ECL) method
 "Indian banks' switch to IFRS norms unlikely to drive rating changes: Fitch")
RBI's ECL move may hit capital position of smaller private banks
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
 "RBI's ECL move may hit capital position of smaller private banks")
Coal minister asks ECL to ramp up production to 50 MT during current fiscal
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 ...
 "Coal minister asks ECL to ramp up production to 50 MT during current fiscal")
Loan provisioning in banks: RBI for expected loss-based approach
With low NPAs and high provisions, time ripe for global standards: Bankers
 "Loan provisioning in banks: RBI for expected loss-based approach")
ECL Finance invokes 9.30 lakh pledged United Breweries shares worth Rs 75 crore
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
 "ECL Finance invokes 9.30 lakh pledged United Breweries shares worth Rs 75 crore")
