The Reserve Bank of India (RBI) has issued a draft Master Direction for the Call, Notice, and Term Money Markets, aiming to deepen market participation and enhance liquidity. The directions consolidate previous circulars and introduce explicit borrowing limits, mandate NDS-CALL platform membership, and stipulate strict early termination clauses. Market participants must align their treasury operations, […]
On June 25, 2026, the Reserve Bank of India (RBI) released a Draft Master Direction consolidating and streamlining the compliance instructions for secondary market transactions in Government Securities (G-Secs). 1. Applicable Entities The directions govern secondary market transactions undertaken in the over-the-counter (OTC) market and on recognized stock exchanges in India. The applicability is broad
Date of Issue: April 22, 2026 | Public Feedback Deadline: May 22, 2026 1. Applicable Entities The guidelines under this Draft Master Direction are applicable to the following entities operating within the digital payment ecosystem: Bank PPI Issuers: Scheduled Commercial Banks and other banking entities permitted by the RBI to issue digital wallets and prepaid
