In an interview to CNBC-TV18, SS Mundra, Chairman, Bank of Baroda and Arun Kaul, Chairman, UCO Bank spoke about impact of RBI relief on MTM losses.
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.
The Reserve Bank today said banks will have the discretion to terminate a derivative contract in case a client decides to reduce its exposure in such instrument pre-maturely.
KK Singh, chairman and managing director, Rolta India said, the company is hopeful of seeing a reversal of mark-to-market (M-T-M) losses of FCCBs in the third quarter
Hemindra Hazari of Nirmal Bang Institutional Equities and Vaibhav Agrawal of Angel Broking join CNBC-TV18 to discuss the way ahead for the banking industry in India and the bond market.
Orchid Chemicals reported its second quarter results for FY11. The drug company posted a net profit at Rs. 23.4 crore for the quarter ended September 2011 versus Rs 24 crore in the corresponding period last year.