India, Jan. 15 -- The Reserve Bank of India has invited public comments on the draft Amendment Directions relating to revised instructions on Net Open Position (NOP).
The draft amendments follow a review of the existing framework under the FMRD Master Direction No. 1/2016-17 – Master Direction on Risk Management and Inter-Bank Dealings and the Prudential Norms on Capital Adequacy Directions, 2025, which lay down the methodology for computation of Net Open Position and the calculation of capital charge on foreign exchange risk for various Regulated Entities (REs).
The central bank has released the following draft Amendment Directions:
Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Second Amendm...