Informative

RBI will allow ample time for implementing changes regarding ECL, LCR: Governor Sanjay Malhotra

Update / Judgement Date

10 Feb 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

BankingRBI

RBI Governor Sanjay Malhotra stated that the RBI will allow ample time for implementing changes regarding ECL and LCR. This provides financial institutions with sufficient time to adjust to the new regulations. This announcement demonstrates the RBI's commitment to a smooth transition and minimizes disruption to the financial system.

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RBI will allow ample time for implementing changes regarding ECL, LCR: Governor Sanjay Malhotra

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