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Bank shares may see buying interest, as the Reserve Bank has allowed banks to spread the mark-to-market losses provisioning over a maximum of four quarters. This will help banks spread the losses incurred on bond yields. Banks will also have to create an Investment Fluctuation Reserve to protect against an uptick in yields in future. The IFR will be eligible for inclusion in tier-2 capital. This will be a big relief for banks, which are facing pressure at the bourses.
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