RBI's cap on banks' net open forex positions sparks sharp sell-off in banking stocks amid concerns over MTM losses and forced unwinding of dollar-long trades
In a Q&A, Atul Kumar Goel says the lender has not sought any special dispensation from RBI to provide for MTM losses amid rising bond yields
Some market participants say there is still room for upside for long-duration products
The banks need to manage the interest rate risks in a better way, he said