 "banks, loans, bank regulations, fintech")
In January, the Reserve Bank of India (RBI) issued a discussion paper on the expected loss-based approach for loan loss provisioning. Once the framework is implemented, banks’ capital requirement will increase due rise in provisioning requirements.
Alok Pathak, chief risk officer (CRO) at Utkarsh Small Finance Bank; PK Samal, chief financial officer (CFO) at Union Bank of India, Deepak Kumar, CRO at RBL Bank, Dhruv Parikh, partner, financial services & risk at EY India, and Anselmo Marmonti, regional leader risk intelligence at SAS discussed the challenges for Indian banks in a panel discussion on IFRS 9 – Implications for Indian banks moderated by Manojit Saha. Edited excerpts:
What are the challenges small finance banks may face while trying to implement
