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Exemption from LEF to Exposures to foreign sovereigns


 Notice Date : 24 February 2021

Reserve Bank of India

RBI/2020-21/104
DOR.No.CRE.BC.45/21.01.003/2020-21

February 24, 2021

All Scheduled Commercial Banks
(Excluding Small Finance Banks, Payments Banks
Local Area Banks and Regional Rural Banks)

Dear Sir/Madam,

Large Exposures Framework – Exemptions

Please refer to circular No. DBR.No.BP.BC.43/21.01.003/2018-19 dated June 03, 2019 on Large Exposures Framework (LEF)

2. Paragraph 3 of the Annex to the above circular specifies the exposures that are exempt from the LEF. On a review, it has been decided to further exempt the following exposures from the LEF:

  • Exposures to foreign sovereigns or their central banks that are:

i. subject to a 0% risk weight under Table 2 of paragraph 5.3.1 of the Master Circular – Basel III Capital Regulations dated July 1, 2015, as modified vide circular dated October 8, 2015; and,

ii. denominated in the domestic currency of that sovereign and met out of resources of the same currency.

Yours faithfully,

(Manoranjan Mishra)
Chief General Manager

 

Guest
on 25 February 2021
Notification No : RBI/2020-21/104 DOR.No.CRE.BC.45/21.01.003/2020-21
Published in Miscellaneous
Source : , https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12036&Mode=0










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