Quick Summary
Reserve Bank of India
RBI/2020-21/109
DOR.No.CRE.BC.47/21.01.003/2020-21
March 23, 2021
All Scheduled Commercial Banks
(Excluding Small Finance Banks, Payments Banks
Local Area Banks and Regional Rural Banks)
Dear Sir/Madam,
Large Exposures Framework – Deferment of applicability of limits on non-centrally cleared derivatives exposures
Please refer to circular No. DOR.No.BP.BC.43/21.01.003/2019-20 dated March 23, 2020 on Large Exposures Framework (LEF).
2. On a review it has been decided that non-centrally cleared derivatives exposures will continue to be outside the purview of exposure limits till September 30, 2021.
Yours faithfully,
(Manoranjan Mishra)
Chief General Manager
FAQ :
The Large Exposures Framework (LEF) relates to limits on financial exposures.
The deferment applies to non-centrally cleared derivatives exposures.
The applicability of these limits has been deferred until September 30, 2021.
This notification is for all Scheduled Commercial Banks, excluding Small Finance Banks, Payments Banks, Local Area Banks, and Regional Rural Banks.
The previous circular was DOR.No.BP.BC.43/21.01.003/2019-20 dated March 23, 2020.
CAclubindia
Source : https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=12041&Mode=0