The RBI has released a draft direction on Call, Notice, and Term Money Markets, inviting stakeholder feedback before implementation, which may reshape money market operations.
RBI Issues Draft Directions for Money Markets
The Reserve Bank of India has published a draft Master Direction regarding Call, Notice, and Term Money Markets. This initiative is part of its ongoing efforts to enhance the regulatory framework governing these markets, promoting transparency and efficiency.
Comments are invited from banks and market participants until July 17, 2026, providing an opportunity for stakeholders to influence the regulatory landscape. The draft directions aim to align market operations with contemporary developments and stakeholder needs.
Financial practitioners and institutions should actively engage in the feedback process to ensure their perspectives and concerns are addressed in the final regulations, which may have far-reaching implications on their operations and compliance requirements.
For those interested in providing feedback, specifics are outlined in the RBI's announcement, directing comments to the appropriate offices.
Citations
- Reserve Bank of India Draft Directions Announcement (2026) RBI 63023
