CURRENT AFFAIRS : BANKING NEWS
RBI issues final guidelines on interest rate risk in banking book
- The Reserve Bank of India (RBI) has released final guidelines on Interest Rate Risk in Banking Book (IRRBB), which require banks to measure, monitor, and disclose their exposure to IRRBB that may impact the capital base and future earnings of lenders.
- The final guidelines on IRRBB are in alignment with the revised framework issued by the Basel Committee on Banking Supervision (BCBS).
- RBI will communicate the date of implementation in due course.
