00:00My name is CMA Manoj Kumar Anand and I am the Vice President.
00:06What do you think about the book launch?
00:08How much is it?
00:12You can cover news and industry.
00:16You people have that knowledge.
00:18What do you think about it?
00:32But at the same time, banks also have to protect themselves
00:37that the bank has given the loan,
00:39and then they will use it further.
00:42So, that the regulatory mechanism
00:45to strengthen us,
00:48we have released two two,
00:50the expected credit loss mechanism
00:52that we have told in the past five years,
00:55that we will put in 1 April 27th,
00:58so that we will put in 1 April 27th,
01:02that we have told them,
01:03that we have to do,
01:03that you can do the same thing about it,
01:05and that you can do the same thing as well.
01:09So, if you have to do a record,
01:10you can do the same thing.
01:15The other book,
01:16which is important,
01:18the restructuring bank loans to do it.
01:21So, the users that have been bought
01:23for bank loans,
01:23that you can do it.
01:25If you have to experience that,
01:27if you have to do it,
01:27if you have to buy a bank loan
01:28you can do it.
01:28So if you have any rate, then you can restructure the cost and management accountants, this is a simple way,
01:34but on the industrial level, the restructuring is also very important, because then it ultimately impacts the borrower also.
01:42So these are two books and the role of cost and management accountants are very important in the industry and
01:51the production industry and the banking industry, which they have more benefits, they have more profitability and they have more
01:59benefits.
02:01Sir, let's talk about the book launch today, what is the benefit of the Indian Banking sector?
02:07We have released two books, one book is the practical guidance note handbook on ECL, expected credit loss, 1-4
02:18-2027 in the Indian Banking system, now there are provisioning norms that have changed, and first there are IRAQ norms,
02:25income recognition, and this is a very continuously going on that, but now the incurred loss mechanism is going to
02:33be replaced by the expected credit loss,
02:35and this expected credit loss for the industry-wise, it would be very, you know, three pillars are there, one
02:41is probability of default, other is loss-given default, and third is your exposure at default.
02:46This is the three pillars of the pillar, how will it be industry-wise, this is a case study, so
02:54that bankers can be benefited, even stakeholders like those who are corporates, those who are MSM units, they can also
03:00understand how the expected credit loss will have the impact on their industry,
03:04and based on that, lot of discussions we have made for updating and for, you know, having the literacy amongst
03:12the countrymen also, so this book is an unique in nature, everybody can utilize this book and to learn about
03:17the expected credit loss.
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