RBI said to query bank valuations of some bond derivative trades
RBI is in focus.
· Economic Times Markets
India's central bank has informed some lenders about the need to adjust bond forward accounting practices. This change could impact billions of dollars in assets across the banking sector. The Reserve Bank of India suggested using Level 3 inputs for valuing bond-forward trades during recent audits.
Why it matters
- With RBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- Sectors in the story: Banks.
Banks
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