AIMING TO align the investment portfolio of banks with the global prudential framework and accounting standards, the Reserve Bank of India (RBI) on Friday proposed new norms for their classification and valuation.
According to a discussion paper by the central bank, ‘Review of Prudential Norms for Classification, Valuation and Operations of Investment Portfolio of Commercial Banks', the new bank portfolio classification norms will come into effect from April 1, 2023. It has invited comments on the paper from stakeholders by February 15.
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