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RBI allows banks to spread bond trading losses over four quarters

The move will come as a major reprieve to India's state-run banks, which have been hard hit by trading losses from a spike in bond yields over recent months

Reuters  |  Mumbai 

The Reserve Bank of India has allowed banks to spread their bond trading losses incurred in December 2017 and March 2018 quarters equally over up to four quarters. The move will come as a major reprieve to India's state-run banks, which have been hard hit by trading losses from a spike in bond yields over recent months. India's state-run banks, which are already struggling under the burden of provisioning for record levels of bad loans, have been further hit by mark-to-market losses on their huge bond holdings due to a sustained spike in bond yields since July. Last ...

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First Published: Mon, April 02 2018. 17:26 IST
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