Together, they push the sector decisively toward global best practices in credit risk modeling, provisioning discipline, and Under the proposed ECL regime, all scheduled commercial banks will transition to a model-based provisioning system from April 2027, with a phased glide path through FY2032.The framework introduces a three-stage classification of assets—performing, underperforming, and credit-impaired—alongside model-driven provisioning anchored in probability of default (PD), loss given default (LGD) ...