{"id":548,"date":"2021-02-18T09:48:42","date_gmt":"2021-02-18T09:48:42","guid":{"rendered":"https:\/\/rvkassociates.com\/blog\/?p=548"},"modified":"2021-02-19T13:33:59","modified_gmt":"2021-02-19T13:33:59","slug":"rbi-2021-notification-capital-and-provisioning-requirements-for-exposures-to-entities-with-unhedged-foreign-currency-exposure","status":"publish","type":"post","link":"https:\/\/rvks.in\/blogs\/rbi-2021-notification-capital-and-provisioning-requirements-for-exposures-to-entities-with-unhedged-foreign-currency-exposure\/","title":{"rendered":"RBI has issued Notification dated 17th Feb&#8217;21 on Capital and provisioning requirements for exposures to entities with Unhedged Foreign Currency Exposure"},"content":{"rendered":"\n<p class=\"has-text-align-right\">February 17, 2021<\/p>\n\n\n\n<p>All Scheduled Commercial Banks<br>(Excluding RRBs)<br><br>Dear Sir\/Madam<br><br><strong>Capital and provisioning requirements for exposures<br>to entities with Unhedged Foreign Currency Exposure<\/strong><\/p>\n\n\n\n<ol class=\"is-style-none wp-block-list\"><li>1.  Please refer to our <strong>circular DBOD.No.BP.BC.116\/21.06.200\/2013-14 dated June 3, 2014<\/strong> on capital and provisioning requirements for exposures to entities with Unhedged Foreign Currency Exposure (UFCE).<\/li><\/ol>\n\n\n\n<ol start=\"2\" class=\"is-style-none wp-block-list\"><li>2. The guidelines mandate that information on UFCE may be obtained by banks from entities on a quarterly basis, on self-certification basis, and preferably should be internally audited by the entity concerned. We have received representation from banks expressing their inability in obtaining UFCE certificates from listed entities for the latest quarter due to restrictions on disclosure of such information prior to finalisation of accounts.<\/li><\/ol>\n\n\n\n<ol start=\"3\" class=\"is-style-none wp-block-list\"><li>3.  In view of this, it has been decided that in such cases, banks may use data pertaining to the immediate preceding quarter for computing capital and provisioning requirements in case of Unhedged Foreign Currency Exposures.<\/li><\/ol>\n\n\n\n<p>4.  All other instructions remain unchanged.<\/p>\n\n\n\n<p>Yours faithfully,<\/p>\n\n\n\n<p>(Usha Janakiraman)<br>Chief General Manager<\/p>\n\n\n\n<p><strong>For full detail click below :<\/strong><br><\/p>\n\n\n\n<p><a href=\"http:\/\/bit.ly\/RBI-Capital-and-provisioning-requirements\">http:\/\/bit.ly\/RBI-Capital-and-provisioning-requirements<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>February 17, 2021 All Scheduled Commercial Banks(Excluding RRBs) Dear Sir\/Madam Capital and provisioning requirements for exposuresto entities with Unhedged Foreign Currency Exposure 1. Please refer to our circular DBOD.No.BP.BC.116\/21.06.200\/2013-14 dated June 3, 2014 on capital and provisioning requirements for exposures to entities with Unhedged Foreign Currency Exposure (UFCE). 2. The guidelines mandate that information on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":46,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,14],"tags":[34],"class_list":["post-548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-notifications","category-rbi","tag-rbi"],"_links":{"self":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/comments?post=548"}],"version-history":[{"count":3,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/548\/revisions"}],"predecessor-version":[{"id":605,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/548\/revisions\/605"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media\/46"}],"wp:attachment":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media?parent=548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/categories?post=548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/tags?post=548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}