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    Question

    Which IFRS/Ind AS is discussed in the RBI's released

    Discussion Paper on Introduction of Expected Credit Loss (ECL) Framework for Provisioning by Banks?
    A IFRS 9 & Ind AS 109 Correct Answer Incorrect Answer
    B IFRS 15 & Ind AS 115 Correct Answer Incorrect Answer
    C IFRS 16 & Ind AS 116 Correct Answer Incorrect Answer
    D IFRS 7 & Ind AS 7 Correct Answer Incorrect Answer
    E IFRS 15 & Ind AS 7 Correct Answer Incorrect Answer

    Solution

    Based on the experience of global banks in application of IFRS 9, Financial Instruments, and the application of Ind AS 109, Financial Instruments by Non-Banking Financial Companies (NBFCs) in India2, on 16 January 2023, RBI released a Discussion Paper on Introduction of Expected Credit Loss (ECL) Framework for Provisioning by Banks.

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