Financial Losses

CAG flags financial loss of Rs 2,604 cr to Railways on interest payments, GST recovery, more

According to the CAG, the instances mentioned in the report are those which came to notice in the test audit for the period 2021-22 as well as those which came to notice in earlier years, but could not be reported in the previous Audit Reports.

RBI clarifies further on SLR bond measures, frames timeline

The Reserve Bank of India (RBI) on clarified further on its earlier measure, aimed at reducing bank financial losses due to fall in bond yields.

RBI issues fresh measures to bail out banks, mkts to rally

The Reserve Bank of India (RBI) on Tuesday late evening issued another set of measures, aimed at twin purposes: arresting dip in long term bond yields and shielding banks from incurring financial losses due to declining bond prices.