Scheduled Commercial Banks May Need Rs 89,000 Crore Provisioning Under Ind-AS
An employee of Muthoot Finance Ltd., counts Indian one hundred rupee banknotes (Photographer: Anindito Mukherjee/Bloomberg)

Scheduled Commercial Banks May Need Rs 89,000 Crore Provisioning Under Ind-AS

Scheduled commercial banks (SCBs) may need up to Rs 89,000 crore towards incremental provisioning for advances while transiting to the Indian Accounting Standards (Ind-AS) 109 regime, says India Ra...
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