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Power of AO to Grant Stay — Whether Discretionary or Controlled By the Instructions and Circulars
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September 2013

A. P. (DIR Series) Circular No. 17 dated 23rd July, 2013

By Gaurang Gandhi, Chartered Accountant

Reading Time 1 mins

Risk Management and Inter-Bank Dealings – Reporting of Unhedged Foreign Currency Exposures of Corporates

Presently, banks are required to submit a quarterly statement on foreign currency exposures and hedges undertaken by corporates based on bank’s books.

This circular states that banks should now submit the said quarterly report as per the revised format online only from quarter ended September 2013 through the Extensible Business Reporting Language (XBRL) system which may be accessed at https://secweb.rbi.org.in/orfsxbrl.

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