RBI's move to scrap investment buffer could lift banks' capitalBanks may soon see their capital positions improve. The central bank proposes to remove the Investment Fluctuation Reserve. This move could...
Bajaj Finserv Q2 Results: Cons profit rises 7% YoY to Rs 2,244 crore, revenue jumps 11%Bajaj Finserv Q2 Results: The company’s revenue from operations rose 11% year-on-year to ₹37,403 crore in the quarter under review, compare...
What's behind the fiasco at IndusInd Bank?The dent in its books was caused by a September 2023 RBI communique spelling out how banks should value derivatives. It said all derivative...
SIP AUM increases by 5.3% to 13.09 lakh crore led by MTM gains and strong inflows: AMFIThe SIP assets increased 5.3% to Rs 13.09 lakh crore in July, led by MTM gains and strong inflows. The monthly systematic investment plan (...
India's re-jig of banks' investment rules to boost govt debt appetiteThe Reserve Bank of India (RBI) has removed the cap on how much banks can invest in bonds they intend to hold to maturity. This move is exp...
Mark-to-market provisions: Banks may knock on RBI's doors againThe country's largest lender State Bank of India on Saturday (SBI) reported a 6.7% drop in standalone profit after tax to ₹6,068 crore for ...
RBI proposes new category for bank investmentsDebt instruments with fixed or determinable payments and fixed maturity with the intent of holding till maturity shall be classified under ...
What is mark-to-market risk in debt instruments?Debt mutual funds have to show notional losses or gains on their debt holdings even if the gains or losses are not actually realised. This ...
Surge in bond yields to widen losses of PSBs, loss estimated at Rs 15,500 crore: ICRAThe recent surge in bond yields is expected to result in MTM losses on the Available for Sale.
Assets under management jump nearly 12% to Rs 8.34 lakh crore in October: ReportAssets under equity schemes increased sharply by 7 per cent to Rs 1.73 lakh crore on the back of mark to market (MTM) gains despite outflow...
Banks avoid Rs 30,000 crore MTM loss on RBI action: ICRAThe losses will now get reduced to Rs 3,000-5,500 crore, it said in a statement released a day after the Reserve Bank got in the set of rel...
Missed to report a PFIC? Here’s what Indian Americans can doIf you are an Indian American with investments in Indian mutual funds, the PFIC reporting is something you just cannot afford to miss.
- Forex losses eat into profits of India Inc
Foreign exchange derivatives contracts, which a large number of Indian companies entered into in 2007 and 2008, have taken a heavy toll on ...
- Forex losses eat into profits of India Inc
The total foreign exchange-related loss for the year in BSE 100 companies stands at Rs 43,000 crore. Mid term picks of the day I Risks you'...
Chain reaction: Rupee rise to boost corporate profitsMark-to-market forex losses, a key driver of negative surprises in corporate performance during FY09, is likely to reverse with the rupee a...
- Debate over MTM rules
Many corporates are faced with MTM losses and have sought relaxation of rule.
- No tax relief likely for MTM loss
These companies may find it difficult to convince the income tax (I-T) department to allow MTM losses as deduction.