RBI orders five banks to list zero coupon bonds at "fair value"


RBI orders five banks to list zero coupon bonds at "fair value"

The regulatory direction comes after an assessment showed that valuing these instruments at face value could create a misleading picture of the banks’ financial strength and set a precedent that could be exploited in future by others and weaken the banking system.

The funding comprises a direct ADB loan of $58 million and another $10 million concessional loan from the Canadian Climate Fund. The Canadian fund will also be routed through ADB.


https://ift.tt/ti37nZV

Post a Comment

Finance

Finance Finance Rs 2,317 crore loan given by DHFL to Radius Group was laundered by the Wadhawan brothers, ED tells court Jun 28, 2022, 08...

My Instagram

Copyright © Pramukh Advisor. Made with by OddThemes