Welcome to ixamBee
Continue with your mobile number
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.
Mr. X has purchased an index option with a strike price of Rs 1500. What will be his net gain or loss if the price of an index at maturity is Rs 1550 a...
Equity Multiplier allows the Investors to see: (In DuPont Analysis)
On or before 15th December, how much advance tax liability must have been deposited?
What does cash flow means in accounting parlance?
The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) of the Government of India is available to people in the age group of having a bank account who giv...
Which of the following statement is incorrect with respect to provisions?
The investments which by their nature are readily realizable and are intended to be held for less than a year from the date when such investment is done...
A s per which concept, total Notional profit should not be transferred to Profit and Loss Accounts but the portion of it should be kept in reserve to m...
Every individual subscriber is issued a Permanent Retirement Account Number (PRAN) under NPS. How many digits are there in PRAN?
The discount rate that makes the present value of expected cash flows from the project equal to the initial cost of the project is called:
