Chidambaram asks banks to review derivative portfolio
Amid notional losses being reported by various banks in their dealing in forex derivatives, Finance Minister P Chidambaram today asked banks to review their derivative portfolio and make them understandable to customers.
Finance Minister P. Chidambaram today called for an increase in the Asian Development Bank loans to the private sector and asked the bank for developing a portfolio-restructuring plan to increase the sector's share of annual loans to 50 percent.