New derivatives valuation norms to sway banks' bottomlines

CA Nikita , Last updated: 01 September 2007  
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Bank balance sheets may turn more volatile on account of the new accounting rules that would change the way derivatives are valued. The central bank has set up a sub-group to look at implementation of Accounting Standard 30 (AS 30), which pertains to recognition and measurement of financial instrume

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CA Nikita
(Chartered Accountant)
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