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BW Businessworld

RBI Draft Guideline On Bank Exposure To Corporates

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The Reserve Bank of India will introduce incremental provisioning and capital requirements for bank exposures to corporates with unhedged foreign currency exposures.

"The extent of unhedged foreign currency exposures of the corporate continues to be significant and increases the probability of default in an environment of high currency volatility," the central bank said in a draft guideline on capital and provisioning requirements for exposures to corporates.

Banks can offer feedback on the various proposals in the guideline latest by August 2, 2013, the Reserve Bank of India said.