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RBI releases Draft Directions on Money Market Instruments under Section 45 W of the RBI Act, 1934

In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies dated June 6, 2019, the Reserve Bank of India has released today Draft Call, Notice and Term Money Markets (Reserve Bank) Directions, 2020Draft Certificate of Deposit (Reserve Bank) Directions, 2020 and Draft Commercial Papers and Non-Convertible Debentures (Reserve Bank) Directions, 2020. Comments on the Draft Directions are invited from banks, market participants and other interested parties by January 31, 2021.

Feedback on the Draft Directions may be forwarded to:

The Chief General Manager, Reserve Bank of India
Financial Markets Regulation Department
9th Floor, Central Office Building
Shahid Bhagat Singh Marg, Fort
Mumbai – 400001

Or by email with the subject line “Feedback on Draft Directions on Money Market Instruments, 2020”.

(Yogesh Dayal)     
Chief General Manager

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