Bankers have approached the Reserve Bank of India to help them cut the losses on their bond portfolios, people privy to the developments told CNBC-TV18.
In the third quarter of current fiscal, bond prices fell sharply after RBI changed its monetary policy stance.
Bankers have requested RBI to allow them to shift their loss making bonds from their available for sale portfolio to their held-to-maturity list.
Also some bonds from the HTM category swapped to AFS and held for trade category so that some of the losses are trimmed.
For more information Call us ✆ +91 7400-734000 or Visit Dollar Advisory
In the third quarter of current fiscal, bond prices fell sharply after RBI changed its monetary policy stance.
Bankers have requested RBI to allow them to shift their loss making bonds from their available for sale portfolio to their held-to-maturity list.
Also some bonds from the HTM category swapped to AFS and held for trade category so that some of the losses are trimmed.
For more information Call us ✆ +91 7400-734000 or Visit Dollar Advisory
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