Ecl

RBI likely to draw up road map for ECL adoption at Monday's meeting

The central bank's communication to private banks' board secretariats has not listed the agenda for the meeting, but has only given the event flow

Are Indian banks ready to adopt the expected credit loss framework?

The sophistication that ECL is asking for is much more ahead and advanced compared to usual scoring models

Well-equipped to deal with ECL framework: SBI Chairman Dinesh Khara

Non-NPA provisions of bank over Rs 35,500 crore

ECL aims at more than double underground coal production of 20 mt by 2028

Eastern Coalfields Ltd (ECL), a subsidiary of Coal India, is focusing on expanding its underground mining operations to achieve more than double production from such activity at 20 million tonne by 2028, a senior official said on Sunday. This has been planned to support Coal India's target to ramp up underground coal production from all mining subsidiaries to 100 million tonne by 2030 from a level of 25-26 million tonne now, he said. ECL underground coal commands a premium of three to four times over average notified prices, and now, it accounts for 25 per cent of its total production, while the rest is from open cast operation, ECL Director (Technical), Niladri Roy said. The miner aims at achieving the goal through a combination of strategies, like greater automation, engaging mine developers and operators (MDOs), and offering abandoned blocks to the private sector for residual coal mining in a revenue-sharing model, he said. We are currently producing nine million tonne from aro

Indian banks well placed to transit to Expected Credit Loss regime: S&P

This transition is not expected to change ratings on these banks

Indian banks' switch to IFRS norms unlikely to drive rating changes: Fitch

The RBI introduced a discussion paper last week that suggested banks make provisions for bad loans using the expected credit loss (ECL) method

RBI's ECL move may hit capital position of smaller private banks

Over the past 5-10 years, the probability of default would have been very high for the banking sector and that's why eventual ECL provisions could be higher

Coal minister asks ECL to ramp up production to 50 MT during current fiscal

Coal Minister Pralhad Joshi on Thursday directed the officers of the Eastern Coalfields Ltd (ECL) to work for achieving the production target of 50 MT during the current fiscal to meet the energy requirement of the country, a statement said. In 2021-22, ECL produced 45 million tonnes (MT) of coal. On the second day of his two-day visit to the ECL areas, Joshi inaugurated several infrastructure projects that would help increase coal-loading capacity and control the pollution caused by coal production and dispatch, the statement said. Joshi also visited the View Point of Sonepur Bazari opencast project. He inspected the project and held a review meeting with officials. The minister also visited the underground coal mine in Jhanjhara, about 225 metres deep. At an annual production capacity of 3.5 MT, it is the most coal-producing underground mine in India, the statement said. Joshi is the first coal minister to visit the mine. There, he interacted with coal mine workers, besides ...

Loan provisioning in banks: RBI for expected loss-based approach

With low NPAs and high provisions, time ripe for global standards: Bankers

ECL Finance invokes 9.30 lakh pledged United Breweries shares worth Rs 75 crore

The invocation of the shares comes at a time when 17 lenders led by SBI and investigative agencies have stepped up pressure on Mallya for recovery of over Rs 9,000 crore loans given to the grounded Kingfisher Airlines