Question
As per RBI's discussion paper on ECL model for banks
what is the recommended treatment for the transitional adjustment amount in relation to the adoption of the ECL approach?Solution
It is proposed that the transitional adjustment amount, i.e., the difference between the accounting provisions held on adoption of ECL approach as on the effective date and the provisions computed as per the extant provisioning norms, net of tax effects, may be allowed to be added back to the Common Equity Tier 1 (CET 1) capital. This benefit shall be phased out over a maximum five years. Banks may also choose to spread the transition over a shorter period.
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