The RBI stated the revised tips for banks will probably 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 economic banks, which will probably 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 ‘truthful worth by way of revenue and loss’, or FVTPL.
The prevailing held for buying and selling (HFT) class will grow to be a sub-category of the FVTPL.
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