RBI Said to Query Bank Valuations of Some Bond Derivative Trades
India’s central bank told some lenders they should change the way they account for bond forwards contracts, assets that amount to billions of dollars across the industry, according to people...
By Bhaskar Dutta · Bloomberg Markets
India’s central bank told some lenders they should change the way they account for bond forwards contracts, assets that amount to billions of dollars across the industry, according to people familiar with the matter.