Page 48 - Banking Finance JANUARY 2017

P. 48

RBI CIRCULAR

Guidelines for computing exposure for overall limit of Rs 20,000/- a week from the date of
the notification until the end of business hours on 24th
counterparty credit risk arising from
November, 2016, after which these limits shall be
derivative transactions reviewed. It is clarified that the above limits are not
applicable to cash withdrawal from a bank account by
RBI/2016-17/119
I. One bank from another bank,
DBR.No.BP.BC.29/21.06.201/2016-17
II. Post Office,
Madam / Dear Sir, III. Money changers operating at International
Please refer to the paragraph 4 of the Statement on airports and
Developmental and Regulatory Policies issued by RBI on
October 4, 2016. It was indicated therein that RBI will issue IV. Operators of White Label ATMs.
final guidelines on Standardised Approach for computing 3. The branches maintaining Currency Chests are advised
exposure for counterparty credit risk arising from derivative to accommodate the requests from other branches in
transactions. Accordingly, the final guidelines are annexed. their vicinity - linked or otherwise - for supply of cash.
These guidelines contain the revised method which will 4. Deposits of Specified bank Notes into all types of
replace the Current Exposure Method (CEM), presently deposit/loan accounts is allowed subject to CTR/STR
being used by banks, for measuring exposure for reporting.
counterparty credit risk arising from derivative transactions.
These guidelines will be implemented from April 1, 2018. Yours faithfully
(P Vijaya Kumar)
Yours faithfully, Chief General Manager
(Ajay Kumar Choudhary)
Chief General Manager Relaxation for Government Departments

Limits for Banks, Post offices, Money RBI/2016-17/124
Changers, White Label ATMs DCM (Plg) No.1256/10.27.00/2016-17

RBI/2016-17/123 Dear Sir
1. Please refer to our circular DCM (Plg) No.1251/
DCM (Plg) No.1251/10.27.00/2016-17
10.27.00/2016-17 November 10, 2016 on the captioned
subject and see the following additional instructions in
Dear Sir
1. Please refer to our circular DCM (Plg) No.1226/ this regard:
10.27.00/2016-17 November 08, 2016. 2. Governments Departments may be allowed to draw
2. In terms of para 3.c (iv) of the said circular, cash cash beyond the stipulated limit of Rs 10,000/-, in
withdrawal from a bank account over the counter shall exceptional cases, only on production of evidence
be restricted to Rs 10,000/- per day subject to an justifying their cash requirements in writing, at the

48 | 2017 | JANUARY | BANKING FINANCE

43 44 45 46 47 48 49 50 51 52 53