RBI releases Draft Directions on Bond Forwards under Section 45W of the RBI Act, 1934
The Reserve Bank of India has released the Draft Reserve Bank of India (Bond Forwards) Directions, 2023. Comments on the draft directions are invited from banks, market participants, investors and other interested parties by January 25, 2024.
MHP Exemption for Transfer of Receivables by banks
In order to develop secondary market operations of receivables acquired as part of ‘factoring business’ as defined under the Factoring Regulation Act, 2011, has decided that transfer of receivables by eligible transferors will be exempted from Minimum Holding Period requirement.
Reserve Bank of India (Financial Benchmark Administrators) Directions, 2023
RBI has issued the Reserve Bank of India (Financial Benchmark Administrators) Directions, 2023 to put in place a holistic risk-based framework covering all benchmark administrators in financial markets regulated by the Reserve Bank.
