Home Business With launch of Government bonds, banks may suffer losses in similar portfolio

With launch of Government bonds, banks may suffer losses in similar portfolio

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(G.N.S) Dt. 16 Mumbai With yields on government bonds having spiked in the October-December quarter on expectation of fiscal slippage, banks will suffer mark-to-market losses in their bonds portfolio. Banks have now written to the Reserve Bank of India (RBI) to allow them to spread provisioning requirement over two quarters.

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