India, May 19 -- The Reserve Bank of India has issued final amendment directions related to the Investment Fluctuation Reserve (IFR) framework after reviewing feedback received from stakeholders on the draft proposals.
Under the revised norms, the RBI has removed the IFR requirement for certain categories of banks that already maintain capital charge for market risk and follow the updated investment portfolio classification and valuation norms. The central bank has also allowed remaining regulated entities to comply with IFR requirements based on balance sheet dates instead of maintaining them continuously.
Additionally, the amendments aim to harmonise IFR-related regulations across different categories of regulated entities to remove inc...