The Reserve Bank of India today placed on its website, Draft Guidelines on Capital and Provisioning Requirements for Exposures to Corporates having Unhedged Foreign Currency Exposure for comments and feedback.

Comments/feedback on the draft Guidelines may be sent latest by August 2, 2013 by mail to the Principal Chief General Manager, Reserve Bank of India, Department of Banking Operations and Development, 12th floor, Central Office Building, Shahid Bhagat Singh Marg, Mumbai-400001 or through e-mail.

Ajit Prasad

Assistant General Manager

Press Release : 2013-2014/13

Capital and provisioning requirements for unhedged foreign currency exposures: draft guidelines open for stakeholder comments. Draft guidelines address capital and provisioning requirements for banks' exposures to corporates with unhedged foreign currency exposure, requiring banks to assess and hold additional capital and make provisioning for credit exposures arising from corporates' unhedged currency positions. The Reserve Bank of India published the draft for public consultation and invited stakeholder feedback by a specified deadline, directing submissions to the Principal Chief General Manager, Department of Banking Operations and Development, by post or e-mail.