SBI Estimates Rs 19,500 Crore Post-Tax Impact From ECL Framework
State Bank of India has put its expected credit loss models in place, Chairman C S Setty said. The bank will absorb the estimated impact through a phased transition.
State Bank of India (SBI) has put its expected credit loss (ECL) models in place and estimates the net-of-tax impact of the new provisioning framework at Rs 19,500 crore, Chairman C S Setty said at the bank's post-earnings conference.The impact will be absorbed through the phased transition arrange…