RBI Issues Revised Guidelines for Investment of Commercial Banks
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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.
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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.
CLICK HERE FOR CIRCULAR
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