Economic TimesLean R·
Lenders seek RBI nod to spread MTM losses
New Delhi: Lenders have sought Reserve Bank of India's (RBI) approval to spread the mark-to-market (MTM) losses in their investment portfolios across the remaining three quarters, citing sharp market volatility triggered by the ongoing West Asia crisis."We have also apprised the government of the issue, and some banks have already raised the concern individually with the RBI. A formal representation through an industry association is also being discussed," said a bank executive aware of the dev…
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