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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.
In which country was the first edition of the FIH Men's Hockey5s World Cup held from 28 to 31 January 2024?
What is the purpose of the Anusandhan National Research Fund under Priority 8 of the budget?
As per CCPI, 2023; India is the only G-20 country in the top 10 ranks. The first three ranks in the overall ranking were grabbed by
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Where was the Aadhaar Good Governance Portal launched?
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