ECL

Coal India subsidiary Eastern Coalfields Ltd (ECL) on Wednesday said it has deployed AI-driven drones to assess green cover and scientific reclamation of land in its Sonepur-Bazari mining area in West Bengal. The company said the assessment involved drone-based orthomosaic mapping, GIS- and GPS-enabled spatial validation, vegetation health analysis and ecological surveys for ground verification. High-resolution UAV surveys combined with advanced geospatial analytics to objectively evaluate plantation performance and ecological restoration are part of the exercise, a company statement said. The study is being conducted by the Central Institute of Mining and Fuel Research (CSIR-CIMFR). The integrated approach enables a data-driven evaluation of plantation survival rates, canopy development, species composition, spatial distribution and overall reclamation success, the statement said. The use of AI and UAV technologies enhances accuracy, scalability and consistency in environmental .

Banks are planning to make a representation to the regulator shortly. The deadline for submitting feedback on the draft ECL framework is November 30

Expected credit loss framework to replace incurred loss model from April 2027; analysts say lenders with higher unsecured retail and microfinance exposure will see bigger provisioning impact

Moreover, the regulator proposed tweaking risk weights for loan to MSME and residential housing loans, which will release capital for banks

Moody's Ratings has upgraded gold financier Muthoot Finance Ltd's long-term corporate family rating from Ba2 to Ba1. The rating outlook remains stable

The central bank's communication to private banks' board secretariats has not listed the agenda for the meeting, but has only given the event flow

The sophistication that ECL is asking for is much more ahead and advanced compared to usual scoring models

Non-NPA provisions of bank over Rs 35,500 crore

Eastern Coalfields Ltd (ECL), a subsidiary of Coal India, is focusing on expanding its underground mining operations to achieve more than double production from such activity at 20 million tonne by 2028, a senior official said on Sunday. This has been planned to support Coal India's target to ramp up underground coal production from all mining subsidiaries to 100 million tonne by 2030 from a level of 25-26 million tonne now, he said. ECL underground coal commands a premium of three to four times over average notified prices, and now, it accounts for 25 per cent of its total production, while the rest is from open cast operation, ECL Director (Technical), Niladri Roy said. The miner aims at achieving the goal through a combination of strategies, like greater automation, engaging mine developers and operators (MDOs), and offering abandoned blocks to the private sector for residual coal mining in a revenue-sharing model, he said. We are currently producing nine million tonne from aro

This transition is not expected to change ratings on these banks

The RBI introduced a discussion paper last week that suggested banks make provisions for bad loans using the expected credit loss (ECL) method

Over the past 5-10 years, the probability of default would have been very high for the banking sector and that's why eventual ECL provisions could be higher

Coal Minister Pralhad Joshi on Thursday directed the officers of the Eastern Coalfields Ltd (ECL) to work for achieving the production target of 50 MT during the current fiscal to meet the energy requirement of the country, a statement said. In 2021-22, ECL produced 45 million tonnes (MT) of coal. On the second day of his two-day visit to the ECL areas, Joshi inaugurated several infrastructure projects that would help increase coal-loading capacity and control the pollution caused by coal production and dispatch, the statement said. Joshi also visited the View Point of Sonepur Bazari opencast project. He inspected the project and held a review meeting with officials. The minister also visited the underground coal mine in Jhanjhara, about 225 metres deep. At an annual production capacity of 3.5 MT, it is the most coal-producing underground mine in India, the statement said. Joshi is the first coal minister to visit the mine. There, he interacted with coal mine workers, besides ...

With low NPAs and high provisions, time ripe for global standards: Bankers

The invocation of the shares comes at a time when 17 lenders led by SBI and investigative agencies have stepped up pressure on Mallya for recovery of over Rs 9,000 crore loans given to the grounded Kingfisher Airlines