The Hindu Business Line : Bank of Baroda shifts Rs 6,174 cr G-Secs to HTM category

BANK of Baroda has shifted Government securities worth Rs 6,174 crore from `Allowed for sale' category to `Held to maturity' (HTM) category during the first quarter 2005-06. This is as per the Reserve Bank of India norms, allowing such shifting once during the beginning of the year, said a press release from the bank.

Post-shifting, around 43 per cent portfolio of its G-secs is under HTM category. In the first quarter of 2005-06, the bank had shifted securities worth Rs 8,416 crore to the HTM category.

With these shiftings, the modified duration of the portfolio has been reduced substantially and a major interest rate risk in the banking operations is unlikely. The current yield on the portfolio is also well protected, the release added.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Bond market in India — Shaken, but not stirred

HDFC bets on higher disbursals in TN

LIC adjudged most preferred insurance co

Micro insurance system soon

Insurers go for longs at current yields

Pay hike on cards for PSU banks' top brass — Performance-based incentives also likely

Andhra Bank hikes NRE deposit rates

Bank of Baroda shifts Rs 6,174 cr G-Secs to HTM category

Karnataka Bank plans to open 10 branches in North

Officials recount Thrissur stories

Co-op conference on July 16, 17 in Hyderabad

Karnataka State Apex Co-op to revive 4 sick banks

`Size, risk management vital for banks in future'