Prashant Singh
Banks will have to categorise investments into three categories from the next financial year: available for sale, held to maturity and a new category called ‘fair value through profit and loss’.
New Delhi: The Reserve Bank of India on Tuesday issued revised classification, valuation and operation guidelines for the investment portfolio of commercial banks, which will be effective from April 1, 2024.
Banks will have to categorise investments into three categories from the next financial year: available for sale (AFS), held to maturity (HTM) and a new category called ‘fair value through profit and loss’, or FVTPL.
The existing held for trading (HFT) category will become a sub-category of the FVTPL.
This post was created with our nice and easy submission form. Create your post!
GIPHY App Key not set. Please check settings