RBI’s draft ECL framework and revised credit risk capital norms aim to modernise India’s banking sector, promoting forward-looking risk management and capital efficiency. Scheduled banks will adopt model-based provisioning by FY2032, enhancing transparency and resilience. Strong private and public lenders are poised to benefit, with HDFC Bank and SBI as top picks.
Madhusudan Kela-backed fund buys stake in IPO-bound Steamhouse India for Rs 40 crore
Ace investor Madhusudan Kela’s funds, along with Niveshaay Sambhav Fund, have injected Rs 49.99 crore into Steamhouse India via a pre-IPO placement. This strategic investment