It may be recalled that Paragraph 165 of the Annual Policy Statement of the Reserve Bank of India for 2008-09 proposed to review current stipulations regarding conversion factors, risk weights and provisioning requirements for specific off-balance sheet exposures of banks and prescribe prudential requirements as appropriate, in view of the recent developments in the global financial markets. Accordingly, the requirements were reviewed and it is proposed to bring about certain modifications, as outlined in the draft guidelines, to the existing prudential norms applicable to the off-balance sheet exposures of the banks.