{"id":4177,"date":"2026-01-19T14:48:24","date_gmt":"2026-01-19T14:48:24","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=4177"},"modified":"2026-01-19T14:48:25","modified_gmt":"2026-01-19T14:48:25","slug":"rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/","title":{"rendered":"RBI Draft Directions Dated 14\/01\/2026 – Net Open Position for Foreign Exchange Risk\u00a0\u00a0"},"content":{"rendered":"\n

The draft proposes a comprehensive overhaul of the Net Open Position (NOP) framework for foreign exchange risk. The key proposals include elimination of separate onshore and offshore NOP computation, inclusion of accumulated surplus of overseas operations in NOP, and requirement to maintain forex risk capital on actual NOP on a continuous, end-of- day basis. It also revises the shorthand method for NOP calculation by treating gold separately, permits limited exclusion of qualifying structural foreign exchange positions subject to strict conditions, and standardises exclusions for capital-deducted items and non-performing securities. Most entities would apply a 9% capital charge on overall NOP, while Standalone Primary Dealers would apply a higher 15% charge.\u00a0<\/p>\n\n\n\n

(Link: Press Release RBI Draft Directions Dated 14\/01\/2026)<\/em><\/a><\/em><\/p>\n\n\n\n

(Link: Commercial Banks Prudential Norms Draft Dated 14\/01\/2026)<\/em><\/a><\/em><\/p>\n\n\n\n

(Link: Small Finance Banks Prudential Norms Draft Dated 14\/01\/2026)<\/em><\/a><\/em><\/p>\n\n\n\n

(Link: Regional Rural Banks Prudential Norms Draft Dated 14\/01\/2026)<\/em><\/a><\/em><\/p>\n\n\n\n

(Link: Local Area Banks Prudential Norms Draft Dated 14\/01\/2026)<\/em><\/a><\/em><\/p>\n\n\n\n

(Link: Urban Cooperative Banks Prudential Norms Draft Dated 14\/01\/2026)<\/em><\/a><\/em><\/p>\n\n\n\n

(Link: Rural Cooperative Banks Prudential Norms Draft Dated 14\/01\/2026)<\/em><\/a><\/em><\/p>\n\n\n\n

(Link: AIFIs Prudential Norms Draft Dated 14\/01\/2026)<\/em><\/a><\/em><\/p>\n\n\n\n

(Link: Standalone Primary Dealers Draft Dated 14\/01\/2026)<\/em><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The draft proposes a comprehensive overhaul of the Net Open Position (NOP) framework for foreign exchange risk. The key proposals […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[72,100],"tags":[],"class_list":["post-4177","post","type-post","status-publish","format-standard","hentry","category-rbi","category-rbi-drafts-for-public-comments"],"yoast_head":"\nRBI Draft Directions Dated 14\/01\/2026 - Net Open Position for Foreign Exchange Risk\u00a0\u00a0 - Bhatia Bhola & Associates LLP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI Draft Directions Dated 14\/01\/2026 - Net Open Position for Foreign Exchange Risk\u00a0\u00a0 - Bhatia Bhola & Associates LLP\" \/>\n<meta property=\"og:description\" content=\"The draft proposes a comprehensive overhaul of the Net Open Position (NOP) framework for foreign exchange risk. The key proposals […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/\" \/>\n<meta property=\"og:site_name\" content=\"Bhatia Bhola & Associates LLP\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-19T14:48:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-19T14:48:25+00:00\" \/>\n<meta name=\"author\" content=\"Yash Bhola\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yash Bhola\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/\"},\"author\":{\"name\":\"Yash Bhola\",\"@id\":\"https:\/\/bhatiabhola.com\/#\/schema\/person\/5c941d1613f06d46d7c656c473e8249c\"},\"headline\":\"RBI Draft Directions Dated 14\/01\/2026 – Net Open Position for Foreign Exchange Risk\u00a0\u00a0\",\"datePublished\":\"2026-01-19T14:48:24+00:00\",\"dateModified\":\"2026-01-19T14:48:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/\"},\"wordCount\":186,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/bhatiabhola.com\/#organization\"},\"articleSection\":[\"RBI\",\"RBI Drafts for Public Comments\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/\",\"url\":\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/\",\"name\":\"RBI Draft Directions Dated 14\/01\/2026 - Net Open Position for Foreign Exchange Risk\u00a0\u00a0 - Bhatia Bhola & Associates LLP\",\"isPartOf\":{\"@id\":\"https:\/\/bhatiabhola.com\/#website\"},\"datePublished\":\"2026-01-19T14:48:24+00:00\",\"dateModified\":\"2026-01-19T14:48:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/bhatiabhola.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"RBI Draft Directions Dated 14\/01\/2026 – Net Open Position for Foreign Exchange Risk\u00a0\u00a0\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/bhatiabhola.com\/#website\",\"url\":\"https:\/\/bhatiabhola.com\/\",\"name\":\"Bhatia Bhola & Associates LLP\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/bhatiabhola.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/bhatiabhola.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/bhatiabhola.com\/#organization\",\"name\":\"Bhatia Bhola & Associates LLP\",\"url\":\"https:\/\/bhatiabhola.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/bhatiabhola.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/bhatiabhola.com\/wp-content\/uploads\/2025\/04\/cropped-cropped-Screenshot-2025-04-29-at-7.15.27\u202fAM.png\",\"contentUrl\":\"https:\/\/bhatiabhola.com\/wp-content\/uploads\/2025\/04\/cropped-cropped-Screenshot-2025-04-29-at-7.15.27\u202fAM.png\",\"width\":1709,\"height\":376,\"caption\":\"Bhatia Bhola & Associates LLP\"},\"image\":{\"@id\":\"https:\/\/bhatiabhola.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/bhatiabhola.com\/#\/schema\/person\/5c941d1613f06d46d7c656c473e8249c\",\"name\":\"Yash Bhola\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/bhatiabhola.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/aead41d7b2f010c8a719d781a6360aab0ad14fcb72ed48e049d2bbe80a30a6f8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/aead41d7b2f010c8a719d781a6360aab0ad14fcb72ed48e049d2bbe80a30a6f8?s=96&d=mm&r=g\",\"caption\":\"Yash Bhola\"},\"url\":\"https:\/\/bhatiabhola.com\/index.php\/blog\/author\/bba_ypbhola\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"RBI Draft Directions Dated 14\/01\/2026 - Net Open Position for Foreign Exchange Risk\u00a0\u00a0 - Bhatia Bhola & Associates LLP","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/","og_locale":"en_US","og_type":"article","og_title":"RBI Draft Directions Dated 14\/01\/2026 - Net Open Position for Foreign Exchange Risk\u00a0\u00a0 - Bhatia Bhola & Associates LLP","og_description":"The draft proposes a comprehensive overhaul of the Net Open Position (NOP) framework for foreign exchange risk. The key proposals […]","og_url":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/","og_site_name":"Bhatia Bhola & Associates LLP","article_published_time":"2026-01-19T14:48:24+00:00","article_modified_time":"2026-01-19T14:48:25+00:00","author":"Yash Bhola","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Yash Bhola","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/#article","isPartOf":{"@id":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/"},"author":{"name":"Yash Bhola","@id":"https:\/\/bhatiabhola.com\/#\/schema\/person\/5c941d1613f06d46d7c656c473e8249c"},"headline":"RBI Draft Directions Dated 14\/01\/2026 – Net Open Position for Foreign Exchange Risk\u00a0\u00a0","datePublished":"2026-01-19T14:48:24+00:00","dateModified":"2026-01-19T14:48:25+00:00","mainEntityOfPage":{"@id":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/"},"wordCount":186,"commentCount":0,"publisher":{"@id":"https:\/\/bhatiabhola.com\/#organization"},"articleSection":["RBI","RBI Drafts for Public Comments"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/","url":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/","name":"RBI Draft Directions Dated 14\/01\/2026 - Net Open Position for Foreign Exchange Risk\u00a0\u00a0 - Bhatia Bhola & Associates LLP","isPartOf":{"@id":"https:\/\/bhatiabhola.com\/#website"},"datePublished":"2026-01-19T14:48:24+00:00","dateModified":"2026-01-19T14:48:25+00:00","breadcrumb":{"@id":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/19\/rbi-draft-directions-dated-14-01-2026-net-open-position-for-foreign-exchange-risk\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/bhatiabhola.com\/"},{"@type":"ListItem","position":2,"name":"RBI Draft Directions Dated 14\/01\/2026 – Net Open Position for Foreign Exchange Risk\u00a0\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/bhatiabhola.com\/#website","url":"https:\/\/bhatiabhola.com\/","name":"Bhatia Bhola & Associates LLP","description":"","publisher":{"@id":"https:\/\/bhatiabhola.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/bhatiabhola.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/bhatiabhola.com\/#organization","name":"Bhatia Bhola & Associates LLP","url":"https:\/\/bhatiabhola.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/bhatiabhola.com\/#\/schema\/logo\/image\/","url":"https:\/\/bhatiabhola.com\/wp-content\/uploads\/2025\/04\/cropped-cropped-Screenshot-2025-04-29-at-7.15.27\u202fAM.png","contentUrl":"https:\/\/bhatiabhola.com\/wp-content\/uploads\/2025\/04\/cropped-cropped-Screenshot-2025-04-29-at-7.15.27\u202fAM.png","width":1709,"height":376,"caption":"Bhatia Bhola & Associates LLP"},"image":{"@id":"https:\/\/bhatiabhola.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/bhatiabhola.com\/#\/schema\/person\/5c941d1613f06d46d7c656c473e8249c","name":"Yash Bhola","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/bhatiabhola.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/aead41d7b2f010c8a719d781a6360aab0ad14fcb72ed48e049d2bbe80a30a6f8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/aead41d7b2f010c8a719d781a6360aab0ad14fcb72ed48e049d2bbe80a30a6f8?s=96&d=mm&r=g","caption":"Yash Bhola"},"url":"https:\/\/bhatiabhola.com\/index.php\/blog\/author\/bba_ypbhola\/"}]}},"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/bhatiabhola.com\/index.php\/wp-json\/wp\/v2\/posts\/4177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bhatiabhola.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bhatiabhola.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bhatiabhola.com\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/bhatiabhola.com\/index.php\/wp-json\/wp\/v2\/comments?post=4177"}],"version-history":[{"count":1,"href":"https:\/\/bhatiabhola.com\/index.php\/wp-json\/wp\/v2\/posts\/4177\/revisions"}],"predecessor-version":[{"id":4178,"href":"https:\/\/bhatiabhola.com\/index.php\/wp-json\/wp\/v2\/posts\/4177\/revisions\/4178"}],"wp:attachment":[{"href":"https:\/\/bhatiabhola.com\/index.php\/wp-json\/wp\/v2\/media?parent=4177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bhatiabhola.com\/index.php\/wp-json\/wp\/v2\/categories?post=4177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bhatiabhola.com\/index.php\/wp-json\/wp\/v2\/tags?post=4177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}