Financial Daily from THE HINDU group of publications
Tuesday, Nov 18, 2003
Financial Daily from THE HINDU group of publications Tuesday, Nov 18, 2003 |
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Banking Money & Banking - RBI & Other Central Banks Guard against rate risk, RBI tells banks Our Bureau
Mumbai , Nov. 17 THE RBI has cautioned banks against the looming threat of an "interest rate risk", as they hold sovereign paper well above the 25 per cent statutory requirement. In its Report on the Trends and Progress of Banking in India, 2002-03, the central bank has emphasised the need to recognise the potential interest rate risks and put in place appropriate risk management systems, provisioning and building up of reserves in line with the best international practices.
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