... about the banking system In India, large reserve requirements imply that a policy of stretching out the yield curve innately involves forcing banks to increase the maturity of their assets Internationally, ... banks and the Indian banking system as a whole? • Are banks in India homogeneous in their interest-rate risk exposure, or is there strong cross-sectional heterogeneity? • Do speculators on the stock ... rise in interest rates upon banks in India In this paper, we measure the interest rate risk of a sample of major banks in India, using two methodologies The first consists of estimating the impact...