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The Reserve Bank of India (RBI) has established an external working group (WG) on the expected credit loss (ECL) framework for loan loss provisioning. This group aims to obtain independent insights on the intricate details related to the substantial shift involved. The WG will operate under the leadership of R. Narayanaswamy, former Professor at IIM Bangalore. The group is composed of eight experts, with representatives from six banks and one representative each from KPMG and the Indian School of Business, Hyderabad. The group's mandate includes outlining the principles banks must follow when creating credit risk models for evaluating and quantifying expected credit losses. Additionally, they are tasked with proposing the elements banks need to address when determining credit risks, drawing from guidelines in IFRS 9 and principles established by the Basel Committee on Banking Supervision. Furthermore, the panel will advise on the methodology for independent external validation of these models and, based on thorough data analysis, will propose prudential floors for provisioning.
Tungabhadra and Bhima rivers are tributaries of which river?
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Which of the above...
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3. ...