RBI orders five banks to list zero coupon bonds at "fair value" - Business News: Latest News & Videos about market and economy | Trendmergers

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RBI orders five banks to list zero coupon bonds at "fair value"

The regulatory direction comes after an assessment showed that valuing these instruments at face value could create a misleading picture of the banks’ financial strength and set a precedent that could be exploited in future by others and weaken the banking system.

from Industry-Economic Times
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