(i) The Head/Principal Office of each bank should submit to the Chief General Manager, Exchange Control Department (Forex Markets Division), Reserve Bank of India, Central Office, Mumbai 400 001 the following:
(1) Daily statements of foreign exchange turnover in Form FTD and Gaps position and cash balances in Form GPB. These statements should be transmitted online through wide area network.
(2) Monthly statement ( in USD million) indicating:
a) Aggregate Gap Limit (AGL) approved
b) Maximum AGL on any day in the month
c) Value at Risk (VaR) limit approved and
d) Maximum VaR on any day in the month (ii) The Head/Principal Office of each bank should submit a statement in duplicate in form BAL giving details of their holdings of all foreign currencies on fortnightly basis so as to reach the Regional Office of Reserve Bank under whose jurisdiction the Head/Principal Office is situated within seven calendar days from the close of the reporting period to which it relates. If the 15th or the last day of the month is a holiday the statement should be submitted as at the close of business on the preceding working day.