RBI rejects banks’ request to spread out Q4 treasury losses

The Reserve Bank of India (RBI) rejected banks’ plea to spread provisions for likely mark-to-market (MTM) losses from treasury operations in the fourth quarter, people familiar with the matter said.Banks had sought regulatory approval to soften the dual impact of losses arising from a sharp rise in government bond yields during the March quarter and imposition of a $100-million cap on net open positions (NoP) just days ahead of the financial year-end.130270855Treasury heads of large banks argued...