TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI Updates Large Exposures Framework: New Criteria for Banks, Excluding Sovereign Entities, Effective April 2019.</h1> The Reserve Bank of India (RBI) issued amendments to the Large Exposures Framework (LEF) for scheduled commercial banks, excluding regional rural banks, effective April 1, 2019. The amendments exclude entities connected with the sovereign from the definition of connected counterparties, introduce economic interdependence criteria, and mandate a look-through approach for certain investment structures. The framework limits a bank's exposure to a single counterparty to 20% of its eligible capital base, with a possible additional 5% in exceptional cases, and exposure to a group of connected counterparties to 25%. Exemptions include exposures to the government, Reserve Bank of India, and intra-day interbank exposures. The framework also specifies reporting requirements and defines connected counterparties based on control and economic interdependence.
TaxTMI 
TaxTMI 
