Question
A lender’s portfolio of unsecured retail loans shows a
moderate uptick in 30-day delinquencies and a macro overlay indicating deterioration in borrower affordability. No individual exposures are credit-impaired, but overlays suggest a meaningful increase in credit risk since initial recognition. Management proposes staying in Stage 1 with 12-month ECL, citing absence of defaults. What is the most appropriate classification for impairment measurement?Solution
A significant increase in credit risk (SICR) since initial recognition moves exposures to Stage 2 with lifetime ECL even without objective evidence of impairment/default. 30-day delinquency uptick plus macro overlays can justify SICR at a portfolio/segment level.
Ali Akbar Khan, a renowned Indian musician, was associated with which musical instrument?
- What is the projected wafer production capacity of India’s first semiconductor fab?
 India’s first night sky sanctuary is being built recently in which of the following states/UT?
What is the estimated cost of the Ken-Betwa river-linking project?
Which among the following recently passed a bill allowing people to carry concealed guns without permit?
Which of the following statements is/are correct in regards to the GOBARdhan (Galvanizing Organic Bio-Agro Resources Dhan) scheme and budget 2023-2024?<...
Which organization has partnered with the Maharashtra government to implement ropeways as part of the National Ropeway Programme 'Parvatmala'?
What is the projected growth rate of India's economy for the current fiscal year, as per the International Monetary Fund ( IMF ) ?
Which of the following is a unique code, consisting of 20 symbols, that allows for identification within the global financial system?
Which Indian movie has been nominated for the Best Documentary Short in Oscar Awards 2023?
