{"id":1774,"date":"2023-01-21T13:33:00","date_gmt":"2023-01-21T08:03:00","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=1774"},"modified":"2023-04-22T21:54:43","modified_gmt":"2023-04-22T16:24:43","slug":"loan-loss-provision","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/banking\/loan-loss-provision\/","title":{"rendered":"RBI New Rules for &#8216;Loan Loss Provision&#8217; by Banks"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/loan-loss-provision\/#RBI_New_Rules_for_%E2%80%98Loan_Loss_Provision_by_Banks\" >RBI New Rules for &#8216;Loan Loss Provision&#8217; by Banks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/loan-loss-provision\/#Why_this_News_is_important\" >Why this News is important:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/loan-loss-provision\/#Historical_context\" >Historical context:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/loan-loss-provision\/#Key_Takeaways_from_%E2%80%9CRBI_Issues_New_Rules_for_Loan_Loss_Provision_by_Banks%E2%80%9D\" >Key Takeaways from &#8220;RBI Issues New Rules for Loan Loss Provision by Banks&#8221;:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/loan-loss-provision\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/loan-loss-provision\/#Important_FAQs_for_Students_from_this_News\" >Important FAQs for Students from this News<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/loan-loss-provision\/#Q_What_are_the_new_rules_for_loan_loss_provisions_by_banks_announced_by_RBI\" >Q: What are the new rules for loan loss provisions by banks announced by RBI?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/loan-loss-provision\/#Q_What_is_the_difference_between_the_%E2%80%98incurred_loss_method_and_the_%E2%80%98expected_credit_loss_method\" >Q: What is the difference between the &#8216;incurred loss&#8217; method and the &#8216;expected credit loss&#8217; method?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/loan-loss-provision\/#Q_Why_has_RBI_introduced_the_%E2%80%98expected_credit_loss_method\" >Q: Why has RBI introduced the &#8216;expected credit loss&#8217; method?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/loan-loss-provision\/#Q_How_will_the_new_rules_affect_banks\" >Q: How will the new rules affect banks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/loan-loss-provision\/#Q_When_will_the_new_rules_come_into_effect\" >Q: When will the new rules come into effect?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/loan-loss-provision\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"RBI_New_Rules_for_%E2%80%98Loan_Loss_Provision_by_Banks\"><\/span>RBI New Rules for &#8216;Loan Loss Provision&#8217; by Banks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Reserve Bank of India (RBI) has issued new rules for banks&#8217; loan loss provisioning, aimed at aligning them with the expected credit loss (ECL) approach. The new norms will be applicable to all banks, including small finance banks and foreign banks operating in India.<\/p>\n\n\n\n<p>The central bank has instructed all banks to prepare a policy for making provisions for standard assets at least once a year. As per the new guidelines, banks need to make an additional provision of 10% for new loans with an ECL of more than 15% but less than 50% and an additional 20% for new loans with an ECL of 50% or more. Banks will have to make a 100% provision on loans with an ECL of 100% or more.<\/p>\n\n\n\n<p>The RBI has also made it mandatory for banks to disclose their provisions for standard assets in their notes to accounts. Banks will need to disclose the percentage of standard assets on which they have made provisions during the reporting period. The new rules will help improve transparency and bring uniformity to the provisioning practices of banks.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\" id=\"Loan-Loss-Provision\"><img decoding=\"async\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/Loan-Loss-Provision.webp\" alt=\"Loan Loss Provision\" class=\"wp-image-1839\" width=\"799\" height=\"499\" title=\"Loan Loss Provision\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/Loan-Loss-Provision.webp 696w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/Loan-Loss-Provision-300x188.webp 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/Loan-Loss-Provision-150x95.webp 150w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/Loan-Loss-Provision-400x250.webp 400w\" sizes=\"(max-width: 799px) 100vw, 799px\" \/><figcaption class=\"wp-element-caption\">Loan Loss Provision<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_this_News_is_important\"><\/span>Why this News is important:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>New rules for loan loss provisioning by banks have been issued by the Reserve Bank of India (RBI). These new rules will be applicable to all banks, including small finance banks and foreign banks operating in India. The central bank has instructed all banks to prepare a policy for making provisions for standard assets at least once a year. The new guidelines require banks to make an additional provision of 10% for new loans with an ECL of more than 15% but less than 50% and an additional 20% for new loans with an ECL of 50% or more. Banks will have to make a 100% provision on loans with an ECL of 100% or more. The new rules will help improve transparency and bring uniformity to the provisioning practices of banks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Historical_context\"><\/span>Historical context:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The RBI has been taking steps to improve the financial health of banks and bring about transparency in their operations. In 2018, the central bank introduced the ECL approach for banks to calculate their loan loss provisions. The ECL approach takes into account expected credit losses over the life of the asset and not just the losses incurred till the reporting date. This approach helps banks to identify potential losses at an early stage and make adequate provisions to cover them. The new rules for loan loss provisioning by banks are in line with the ECL approach.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Takeaways_from_%E2%80%9CRBI_Issues_New_Rules_for_Loan_Loss_Provision_by_Banks%E2%80%9D\"><\/span>Key Takeaways from &#8220;RBI Issues New Rules for Loan Loss Provision by Banks&#8221;:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>S.No.<\/th><th>Key Takeaways<\/th><\/tr><\/thead><tbody><tr><td>1.<\/td><td>RBI has issued new rules for banks&#8217; loan loss provisioning, aimed at aligning them with the expected credit loss (ECL) approach.<\/td><\/tr><tr><td>2.<\/td><td>The new norms will be applicable to all banks, including small finance banks and foreign banks operating in India.<\/td><\/tr><tr><td>3.<\/td><td>Banks need to make an additional provision of 10% for new loans with an ECL of more than 15% but less than 50%, and an additional 20% for new loans with an ECL of 50% or more.<\/td><\/tr><tr><td>4.<\/td><td>Banks will have to make a 100% provision on loans with an ECL of 100% or more.<\/td><\/tr><tr><td>5.<\/td><td>The new rules will help improve transparency and bring uniformity to the provisioning practices of banks.<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Loan Loss Provision<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In conclusion, the RBI has issued new rules for loan loss provisioning by banks to align them with the expected credit loss approach. The new guidelines require banks to make an additional provision of 10% for new loans with an ECL of more than 15% but less than 50% and an additional 20% for new loans with an ECL of 50% or more. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Important_FAQs_for_Students_from_this_News\"><\/span>Important FAQs for Students from this News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_are_the_new_rules_for_loan_loss_provisions_by_banks_announced_by_RBI\"><\/span>Q: What are the new rules for loan loss provisions by banks announced by RBI? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: RBI has announced new rules for banks to calculate the provision for loan losses. The new rules replace the earlier system of &#8216;incurred loss&#8217; with a new system called the &#8216;expected credit loss&#8217; (ECL) method.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_is_the_difference_between_the_%E2%80%98incurred_loss_method_and_the_%E2%80%98expected_credit_loss_method\"><\/span>Q: What is the difference between the &#8216;incurred loss&#8217; method and the &#8216;expected credit loss&#8217; method? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: The &#8216;incurred loss&#8217; method requires banks to make provisions for losses only after they occur. Whereas, the &#8216;expected credit loss&#8217; method requires banks to make provisions based on expected future losses, taking into account various risk factors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_Why_has_RBI_introduced_the_%E2%80%98expected_credit_loss_method\"><\/span>Q: Why has RBI introduced the &#8216;expected credit loss&#8217; method?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p> A: The &#8216;expected credit loss&#8217; method is considered a more forward-looking approach and is expected to improve the accuracy of loan loss provisions. It will also bring Indian banks in line with global accounting standards.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_How_will_the_new_rules_affect_banks\"><\/span>Q: How will the new rules affect banks? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: The new rules are expected to increase the provisions that banks need to make for loan losses. This could impact the profitability of banks, especially those with high levels of non-performing assets (NPAs).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_When_will_the_new_rules_come_into_effect\"><\/span>Q: When will the new rules come into effect? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: The new rules will come into effect from April 1, 2018.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Current_Affairs_Links\"><\/span>Some Important Current Affairs Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/national\/\" target=\"_blank\" rel=\"noreferrer noopener\">State Current Affairs<\/a><\/div>\n\n\n\n<div 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banks&#8217; loan loss provisioning, aimed at aligning them with the expected credit loss (ECL) approach. The new norms will be applicable to all banks, including small finance banks and foreign banks operating in India. The&#8230;<\/p>\n","protected":false},"author":3,"featured_media":1840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,10],"tags":[1305,1306,1307,1308,339],"class_list":["post-1774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-national","tag-accounting-standards","tag-expected-credit-loss","tag-loan-loss-provisions","tag-npas","tag-rbi"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/1774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=1774"}],"version-history":[{"count":0,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/1774\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/1840"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=1774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=1774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=1774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}