Reserve Bank Of India Saves Indian Banks From Touching 30,000 Crore INR Mark
By Ankit Sharma
Aug 23, 2013
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Yesterday, the RBI announced some relaxations to the banking sector, which has saved the banks logging 30,000 crore Indian Rupees, on Market-to Market loss. Now, the losses would be between 3,000 to 5.5 crore INR, according to the report from the ICRA. In the fixed market income portfolio, the market to market loss for the banks were about a reach around thirty thousand crore Indian Rupees, and were staring helplessly. The ICRA has estimated that the loss on MTM would be in the range between Rs.9000 crore to Rs.17,000 crore. With the latest relaxation from the RBI, banks can maintain hold to maturity bonds, at 24.5%, against the previous 23%. The Reserve Bank has also allowed the banks to amortize the MTM loses in the coming three quarters. The banks have been provided with the option of converting the AFS or HFT and this would help to reduce 5 to 6% loss in the portfolio.

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