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Banks Stare At Huge MTM Losses

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April 9: With rising bond yields banks continue to stare at huge mark-to-market (MTM) losses even in this fiscal year. Bloomberg TV India has exclusively learnt that the banking system may be staring at MTM losses worth Rs.50,000 crore. The aforementioned losses may be reported as the Reserve Bank of India did not give any extension to banks to spread their bond losses in FY15. Saloni Shukla shares a detailed report on the same.