Indian Lenders Ask RBI to Change Accounting Rule for State Bonds

Indian lenders asked the Reserve Bank of India to change the way state government bonds are valued on their books, saying current rules result in accounting losses and discourage further...

By Pratigya Vajpayee, Bhaskar Dutta · Bloomberg Markets

Indian lenders asked the Reserve Bank of India to change the way state government bonds are valued on their books, saying current rules result in accounting losses and discourage further investment, according to people familiar with the matter.