The Reserve Bank of India on 1st April 2021, based on the feedback received from the market participants has reviewed and finalised the Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021 which shall come into force with effect from 5th April 2021.
The entities eligible to participate in the Call, Notice and Term Money Markets, both as borrowers and lenders are Scheduled Commercial Banks (excluding Local Area Banks);Payment Banks; Small Finance Banks; Regional Rural Banks; State Co-operative Banks, District Central Co-operative Banks and Urban Co-operative Banks (hereinafter Co-operative Banks); and Primary Dealers.
Eligible participants may, with the approval of their respective Board of Directors (or equivalent bodies), fix separate internal limits within the prudential limits for borrowing and lending in the Call, Notice and Term Money Markets.
