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RBI’s ECL Model From FY28: Why Credit Scores Matter More for Borrowing Costs Finance
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RBI’s ECL Model From FY28: Why Credit Scores Matter More for Borrowing Costs

The Reserve Bank of India will require banks to shift to an expected credit loss (ECL) model from FY28, increasing baseline provision coverage. This regulatory change will make credit scores—like CIBIL—more influential in determining borrowing costs, as lenders adjust pricing for risk. Under the new framework, borrowers with low scores face higher rates or rejection, while top-tier scores (750+) continue to attract the best terms.

Jun 13, 2026 1 source