The RBI stated the revised tips for banks will likely be efficient from April 1, 2024 (File)
New Delhi:
The Reserve Financial institution of India on Tuesday issued revised classification, valuation and operation tips for the funding portfolio of business banks, which will likely be efficient from April 1, 2024.
Banks should categorise investments into three classes from the following monetary 12 months: out there on the market (AFS), held to maturity (HTM) and a brand new class referred to as ‘honest worth by revenue and loss’, or FVTPL.
The present held for buying and selling (HFT) class will change into a sub-category of the FVTPL.
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