RBI floated a discussion paper to move the banking system’s provisioning principles from the current ‘incurred loss’ approach to a new ‘expected credit loss’ (ECL) approach.
State Bank of India Q4 result: The public-sector lender reported a 83 percent jump in net profit for the quarter ended March 31, 2023 to Rs 16,694 crore.
The bank has aimed for modest credit expansion of 10-12 percent in FY20.
In an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, Manoj Singla, managing director and co- head of product at Religare Capital Markets spoke about his reading of the market and the road ahead as far as the SBI stock is concerned.