The Reserve Bank of India has from time to time advised regulated entities (REs) that the ultimate responsibility for their outsourced activities vests with them and they are, therefore, responsible for the actions of their service providers including Recovery Agents (hereafter referred to as ‘agents’). In view of concerns arising from the activities of these […]
Please refer to the circular DOR.CAP.51/21.06.201/2020-21 dated March 30, 2021 and circular DOR.CAP.REC.No.97/21.06.201/2021-22 dated March 31, 2022 on the captioned subject. In computation of capital requirements for counterparty credit risk, the following exposures, wherever allowed to be undertaken, are exempted or capped: a.foreign exchange (except gold) contracts which have an original maturity of 14 calendar days or less are[…..]