The dent in its books was caused by a September 2023 RBI communique spelling out how banks should value derivatives. It said all derivatives must be marked to market (MTM), which requires valuing assets and liabilities according to prevailing market price.
The government’s offer to sell its stake in Central Bank of India saw strong investor interest. The two-day issue closed on Monday with an overall
The Reserve Bank of India has formed an eight-member committee to explore quantum technology’s role in finance. Headed by an IIT Madras professor, the panel
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