New Delhi, Oct. 8 -- State Bank of India expects a limited impact from a shift to the expected credit loss (ECL) framework, citing the long transition period under the proposed norms that would increase provisioning against stressed loans for lenders.

"We are technologically ready for ECL guidelines in terms of models and all, but just some adjustments are required based on the final guidelines," C.S. Setty, chairman at India's largest bank by assets, told reporters on the sidelines of Global Fintech Fest in Mumbai on Wednesday. "More importantly, the long transition time that is given, we believe that there will be limited impact on the bank's balance sheet."

The Reserve Bank of India (RBI) on Wednesday floated the draft circular, whic...