RBI eases additional provisioning rules on unhedged FX exposure
Jun 03 2014 , Mumbai
However, it declined such a relaxation on overall capital requirements.
The RBI also clarified that incremental provisioning for unhedged forex exposures will be treated as general provisioning under Tier II capital.
Incremental provisioning on such exposures would require banks to provide 10 basis points over and above standard asset provisioning, the RBI said.