Quick Summary
RBI releases Draft Directions on Money Market Instruments under Section 45 W of the RBI Act, 1934 In pursuance of the announcement made in theStatement on Developmental and Regulatory Policies dated June 6, 2019, the Reserve Bank of India has released todayDraft Call, Notice and Term Money Markets (Reserve Bank) Directions, 2020;Draft Certificate of Deposit (Reserve Bank) Directions, 2020andDraft Commercial Papers and Non-Convertible Debentures (Reserve Bank) Directions, 2020. Comments on the
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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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