https://www.taxtmi.com/news?id=4024 Banks must establish rigorous monitoring, evaluation and pricing mechanisms for corporates' unhedged foreign currency exposure, adopt Board approved hedging policies that may stipulate limits on unhedged positions, account for aggregate exposure from all sources (including SMEs and consortium arrangements), price the risk into credit risk premiums for fund based and non fund based facilities, obtain Board approval, and furnish compliance/action taken reports to the Reserve Bank in accordance with the guidelines. en-us Thu, 22 Nov 2012 14:41:49 +0530 Thu, 22 Nov 2012 14:41:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4024 Banks must establish rigorous monitoring, evaluation and pricing mechanisms for corporates' unhedged foreign currency exposure, adopt Board approved hedging policies that may stipulate limits on unhedged positions, account for aggregate exposure from all sources (including SMEs and consortium arrangements), price the risk into credit risk premiums for fund based and non fund based facilities, obtain Board approval, and furnish compliance/action taken reports to the Reserve Bank in accordance with the guidelines. News - Thu, 22 Nov 2012 14:41:49 +0530 https://www.taxtmi.com/news?id=4024