India’s central bank has proposed significantly higher provisioning for lenders under a new expected credit loss framework. Unsecured loans will face 100% provisions after one year of impairment, while other loans will require it after four years. This aims to align with global standards and strengthen credit risk management.
Warning Signal? FIIs cut stake in 11 smallcap stocks in the last 3 quarters; prices crash up to 70%
Reliance Power’s shares declined as the Enforcement Directorate filed a chargesheet in a fake bank guarantee case, weighing on investor sentiment and drawing renewed attention