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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>RBI Allows Select Banks to Authorize Corporates for Commodity Hedging; Excludes Gold, Silver, Petroleum; Sets Strict Criteria.</h1> The circular addresses risk management and inter-bank dealings related to commodity hedging. The Reserve Bank of India (RBI) has delegated authority to select commercial bank Authorized Dealers (ADs) to permit companies listed on recognized stock exchanges to hedge price risks for commodities, excluding gold, silver, and petroleum products, in international markets. ADs must meet specific criteria, including profitability, CRAR, net NPAs, and net worth, to qualify. Corporates must provide a Board resolution acknowledging risk understanding before undertaking hedge transactions. ADs must ensure transactions are genuine and not speculative. Annual reports and compliance with guidelines are required, with RBI retaining oversight.
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