The ECL norms are likely to result in enhanced provisions given that they apply to off balance sheet items such as loan commitments/financial guarantees also. The International Accounting Standards Board and other agencies have released various reports which includes some qualitative and quantitative ...
1. The condensed set of Financial Statements contained within the unaudited Half-Yearly Financial Report has been prepared in accordance with U.S. Generally Accepted Accounting Principles ("U.S. GAAP"). These Financial Statements present fairly, in all material respects, the assets, liabilities, fi...