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What are the different types of instruments that banks have a dispensation with respect to how they can play around with investments? One of the reasons why the investment book of a bank came to limelight was whatever happened globally. In India, do you ever foresee a situation where possibly the investment losses of a bank can wipe out the net profits at all? how aligned is Indian accounting standards to global standards as far as treating investment book is concerned? And is there any worry at all for Indian banks if we have to adopt the global norms?
Ajit Velonie, Senior Director, Crisil Rating, answers all of them. Listen in.
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