Indian banks might have been poorer by more than ₹70,000 crore, representing close to one-third of their reported profits in 2022-23, if they had to treat their bond portfolios similar to securities and mark them to market, as lenders do in many advanced economies.
If banks were to mark-to-market all bond portfolios including those they have committed to hold on to till maturity, a chunk of the stellar profits they recorded last year would have been eroded.
Source:
Economic Times
