From IndAS to ECl

"India’s financial regulatory landscape is undergoing one of its most consequential shifts in recent decades: the transition from the long-established Income Recognition, Asset Classification and Provisioning (IRACP) framework to an Expected Credit Loss (ECL) model anchored in Ind AS 109 and formalised for scheduled commercial banks through the Reserve Bank of India’s Draft Directions of October 2025. In this environment, From IndAS to ECL arrives as a timely, authoritative, and meticulously structured practitioner’s guide. Written by a seasoned finance and risk professional with over three decades of banking, regulatory, and governance experience, this work fills a conspicuous gap in the Indian financial literature—a comprehensive, institution-focused manual that translates complex regulatory architecture into actionable practice.

Spanning twelve sections and addressing everything from the philosophical underpinnings of ECL to worked numerical examples, governance frameworks, technology readiness, and disclosure requirements, the book is designed for Chief Financial Officers, Chief Risk Officers, statutory auditors, and finance professionals at Non-Banking Financial Companies (NBFCs) and Urban Co-operative Banks (UCBs). It is not light reading—but for those who need to navigate the ECL transition with competence and confidence, it may well be indispensable."