ICICI Bank ready to move to ECL framework: Executive Director

ICICI Bank Executive Director Sandeep Batra said the bank is ready to move to an expected credit loss (ECL) framework for provisioning. "We would be...comfortable to move to an ECL-based framework. We're awaiting the final guidelines and internally we have made the assessment for the...framework," Batra said. ICICI Bank reported a 40% rise in net profit in the first quarter.