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Get ready for transition to ECL framework, PSBs told
Financial Express Lucknow
|November 13, 2025
FINANCIAL SERVICES SECRETARY M Nagaraju on Wednesday asked public sector banks (PSBs) to get ready for the transition to the Expected Credit Loss (ECL) framework.
He told lenders to accelerate the credit flow to the MSME and agriculture sectors while sustaining growth in low-cost deposits. PSBs were also advised to strengthen risk management frameworks.
While reviewing PSBs’ performance, Nagaraju told managing directors and CEOs to enhance preparedness for the transition to the ECL framework through robust models and data-driven provisioning.
Nagaraju commended the banks for their consistent progress and advised them to maintain the growth momentum in key sectors that drive employment and rural demand.
The secretary emphasised that digital transformation must be both inclusive and secure, urging banks to fortify cyber resilience, improve grievance redressal mechanisms, and adopt responsible AI and data analytics for superior customer service delivery.
This story is from the November 13, 2025 edition of Financial Express Lucknow.
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