Skip to main content

Computation of Expected Credit Losses (ECLs) by Banks

26-Mar-2019V K Sharma

While non- bank corporate entities have been mandated to implement Indian Accounting Standards (Ind-AS for short) , the Reserve Bank of India deferred its implementation by banks by one year . Among other things , the implementation of Ind-AS by banks will entail having to compute, and make provisions for, expected credit losses which, incidentally , is currently done by banks in terms of the RBI mandated Income Recognition and Asset Classification (IRAC for short) norms.

Read more.