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RBI CIRCULAR
Reporting of Information on Investment the information on CPs to the CICs.
in Commercial Papers and Unhedged
Foreign Currency Exposures of the 4. The information regarding UFCE of individual borrowers
Borrowers to Credit Information shall be reported on a quarterly basis to all the four
Companies CICs by the lending bank (in the case of solo lenders) /
consortium leader (in the case of consortium
RBI/2015-16/432 arrangements)/largest lender (in the case of multiple
lending arrangements). This information shall be
DBR.CID.BC. 107/20.16.056/2015-16 reported in the Credit Facility (CR) Segment of
Commercial Data format in the fields given in the
All Scheduled Commercial Banks, All India Financial Annex.
Institutions, Credit Information Companies
5. The reporting requirements set out above shall be
Dear Sir / Madam effective from July 1, 2016 i.e. from the credit
1. Please refer to our circular DBOD.No.CID.BC.127/ information reports showing the position for the month
of June 2016.
20.16.056/2013-14 dated June 27, 2014 advising banks
to implement certain recommendations of the 6. These instructions are being issued under sub-section
Committee to Recommend Data Format for Furnishing (1) of Section 11 of Credit Information Companies
of Credit Information to Credit Information Companies (Regulation) Act, 2005.
(Chairman: Shri Aditya Puri) constituted by the Reserve
Bank of India (RBI). Yours faithfully
(Rajinder Kumar)
2. The recommendations that remain to be implemented Chief General Manager
relate to reporting of information concerning (i)
investment of banks and All India Financial Institutions Exim Bank's GoI supported Line of Credit
(AIFIs) in Commercial Papers (CPs) - Recommendation of USD 2 billion to the Government of
No.8.6, and (ii) Unhedged Foreign Currency Exposures the People's Republic of Bangladesh
(UFCE) of borrowers of banks and AIFIs -
Recommendation No.8.14. The feasibility and RBI/2015-16/425
operationalization of the collection and dissemination
of information relating to these two items were A.P. (DIR Series) Circular No. 76
examined in depth by the Technical Group on Credit
Information set up by RBI and coordinated by CIBIL1. All Category - I Authorised Dealer Banks
It has been decided to capture the information on CPs Madam/Sir,
and UFCE taking into account the inputs provided by 1. Export-Import Bank of India (Exim Bank) has entered into
the Technical Group.
an Agreement dated March 09, 2016 with the
3. The information on CPs issued by the companies shall Government of the People's Republic of Bangladesh, for
be reported on a monthly basis to all the four credit making available to the latter, a Government of India
information companies (CICs) by the bank which has supported Line of Credit (LOC) of USD 2 billion (USD Two
been designated as the Issuing and Payment Agent (IPA) billion) for financing various social and infrastructure
for the particular CP issue. However, if there are development projects such as Power, Railways, Road
multiple IPAs for a single CP issue, they shall report to Transportation, Information and Communication
the CICs the details pertaining to the portion of the Technology, Shipping, Health and Technical Education
issue which is with them. This information shall be Sectors in Bangladesh. The goods, machinery, equipment
reported in the Commercial Data format in the fields and services including consultancy services from India for
given in the Annex. The IPA shall also report any default exports under this agreement are those which are
in the redemption of the relevant CP issue. It is clarified eligible for export under the Foreign Trade Policy of the
that the investing credit institutions need not report Government of India and whose purchase may be
agreed to be financed by the Exim Bank under this
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