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.source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-orders-five-banks-to-list-zero-coupon-bonds-at-fair-value/articleshow/89709323.cms
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