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

Last updated: 05 December 2020

Quick Summary
The Reserve Bank of India (RBI) has published draft directions concerning various money market instruments, including Call, Notice, and Term Money Markets, Certificates of Deposit, Commercial Papers, and Non-Convertible Debentures. These drafts follow an announcement made in June 2019. The RBI is now inviting comments and feedback from banks, market participants, and other interested parties. The deadline for submitting feedback is January 31, 2021.

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, 2020; Draft 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

FAQ :

The RBI has released draft directions for Call, Notice and Term Money Markets, Certificates of Deposit, Commercial Papers, and Non-Convertible Debentures.

These draft directions are related to money market instruments and were announced in the Statement on Developmental and Regulatory Policies dated June 6, 2019.

Banks, market participants, and other interested parties are invited to provide feedback.

The deadline for submitting comments and feedback is January 31, 2021.

Feedback can be submitted by post to The Chief General Manager, Reserve Bank of India, Financial Markets Regulation Department, Mumbai, or via email with the subject line 'Feedback on Draft Directions on Money Market Instruments, 2020'.



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