Indian Banks' Association to write to RBI raising issues on hedging bonds
Updated : March 15, 2018 05:11 AM IST
They will also request the Reserve Bank of India to encourage the use of Indian Bench Mark (INBMK) benchmark for hedging.
The Indian Bank's Association (IBA) will be writing to the central bank raising issues on the difficulties faced on hedging bonds in the current market
On the market front, the market was betting on some mark-to-market relief for banks on bonds.