Question

Under the proposed framework for adoption of an expected loss-based approach for provisioning by banks in India, which of the following is NOT a key requirement?

A Classifying financial assets into one of the three categories - Stage 1, Stage 2, and Stage 3

B Making necessary provisions based on the assessed credit losses

C Formulating principle-based guidelines without regulatory backstops

D Keeping regional rural banks and smaller cooperative banks out of the framework

E None of these

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