Moneycontrol
Last Updated : Jan 11, 2018 06:15 PM IST | Source: CNBC-TV18

RBI revises year-end bond prices, banks to be hit

CNBC-TV18's Latha Venkatesh explains how revised year-end prices on a bunch of bonds, on RBI's instruction, is hurting yields and maybe even banks earnings.

CNBC TV18 @moneycontrolcom

The Fixed Income Money Market and Derivatives Association of India today announced around noon that it has put out revised year-end prices on a bunch of bonds, on RBI's instruction. Most of the revised prices were lower than the actual last traded price of these bonds. Immediately bond yields fell; but more importantly, banks are going to see their third quarter treasury earnings get impacted. CNBC-TV18's Latha Venkatesh explains how this move is hurting yields and maybe even banks earnings.

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First Published on Jan 11, 2018 06:15 pm
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