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      Question

      The RBI's Expected Credit Loss (ECL) framework will

      replace the existing norms and come into force from which date?
      A April 1, 2026 Correct Answer Incorrect Answer
      B July 1, 2026 Correct Answer Incorrect Answer
      C April 1, 2027 Correct Answer Incorrect Answer
      D July 1, 2027 Correct Answer Incorrect Answer
      E April 1, 2028 Correct Answer Incorrect Answer

      Solution

      The RBI issued the Master Direction on ECL framework, which will come into force from April 1, 2027, replacing the existing norms.

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