**Summary:**
This Reserve Bank of India (RBI) circular, reference number DOR.No.CRE.BC.4721/01.003/2020-21 dated March 23, 2021, addresses all Scheduled Commercial Banks (excluding Small Finance Banks, Payments Banks, Local Area Banks, and Regional Rural Banks) regarding the Large Exposures Framework (LEF). Specifically, it announces a deferment of the applicability of exposure limits on non-centrally cleared derivatives exposures. This circular is a follow-up to circular No.DOR.No.BP.BC.43/21.01.003/2019-20 dated March 23, 2020, on the LEF. The key decision is that non-centrally cleared derivatives exposures will remain outside the scope of exposure limits until September 30, 2021. For further information, contact Manoranjan Mishra, Chief General Manager, Department of Regulation, Central Office, Central Office Building, 12th/13th Floor, Shahid Bhagat Singh Marg, Fort, Mumbai – 400001. Contact can be made via telephone at 22661602 or 22601000, and via fax at 022-2270 5691.
Key Entities Referenced
Reserve Bank of India: The central bank of India, the primary regulator mentioned in the document.
Large Exposures Framework: A regulatory framework related to exposure limits, the main subject of the circular.
Scheduled Commercial Banks: The group of banks to which the circular is addressed, excluding specific types of banks.
Small Finance Banks: A type of bank explicitly excluded from the circular's applicability.
Payments Banks: A type of bank explicitly excluded from the circular's applicability.
Local Area Banks: A type of bank explicitly excluded from the circular's applicability.
Regional Rural Banks: A type of bank explicitly excluded from the circular's applicability.
Manoranjan Mishra: Chief General Manager at the Reserve Bank of India, signatory of the circular.
भारतीय �रजवर् ब�क
__________________RESERVE BANK OF INDIA _________________
www.rbi.org.in
RBI/2020-21/109
DOR.No.CRE.BC.47/21.01.003/2020-21 March 23, 2021
All Scheduled Commercial Banks
(Excluding Small Finance Banks, Payments Banks
Local Area Banks and Regional Rural Banks)
Dear Sir/Madam,
Large Exposures Framework – Deferment of applicability of limits on non-
centrally cleared derivatives exposures
Please refer to circular No.DOR.No.BP.BC.43/21.01.003/2019-20 dated March 23, 2020
on Large Exposures Framework (LEF).
2. On a review it has been decided that non-centrally cleared derivatives exposures will
continue to be outside the purview of exposure limits till September 30, 2021.
Yours faithfully,
(Manoranjan Mishra)
Chief General Manager
______________________________________________________________________
िविनयमन िवभाग, क� द्रीय काया�लय, क� द्रीय काया�लय भवन, 12वी/ं 13वी ंमंिज़ल, शहीद भगत िसंह माग�, फोट�, मुंबई - 400001
टेलीफोन Tel No: 22661602, 22601000फैक्स Fax No: 022-2270 5691
Department of Regulation, Central Office, Central Office Building, 12th/ 13th Floor, Shahid Bhagat Singh Marg, Fort,
/ Mumbai – 40 0001/
िहंदी आसान है, इसका प्रयोग बढ़ाइए