Banks are proactively setting aside extra funds. This is in preparation for a new expected credit loss framework starting in 2027. Some lenders are also covering anticipated stress in microfinance loans. This move aims to strengthen balance sheets ahead of regulatory changes and potential challenges. Banks are building buffers to meet future requirements.
Oil Price Today (July 30): Crude oil dips below $90 after 8% surge on Wednesday. Here’s why
Brent crude futures were down $1.29, or 1.42%, at $89.45 a barrel. U.S. West Texas Intermediate (WTI) crude slipped 56 cents, or 0.66%, to $83.90