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On the basis of credit risk as compared to the initial recognition, banks would be required to classify applicable financial assets into three stages: Stage 1 includes financial assets that have not had significant increase in credit risk since initial recognition or that have low credit risk at the reporting date. For these assets, 12-month ECL are recognized. Stage 2 includes financial instruments that have had a significant increase in credit risk since initial recognition (unless they have low credit risk at the reporting date) but that do not have objective evidence of impairment. For these assets, lifetime ECL are recognized. Stage 3 includes financial assets that have objective evidence of impairment at the reporting date. All financial assets that are in “default” as defined in this paper shall be classified as Stage 3 assets. For these assets, lifetime ECL are recognized.
Which country has agreed to import 500,000 tonnes of wheat from India?
The Prime Minister launched the Website and Mobile App “Samaveshi Vikaas” in the event organized to celebrate National Panchayati Raj Day in ______....
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Prime Minister Shri Narendra Modi address the ____ Indian Science Congress (ISC) on 3rd January, 2023 at 10:30 AM via video conferencing.
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