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.
Gold heads for weekly loss amid oil-driven inflation concerns
Gold prices held steady Friday, but a weekly dip was likely as soaring oil prices fueled inflation concerns, impacting interest rate expectations. Meanwhile, geopolitical tensions