FINANCIAL MARKETS

Well-functioning, liquid and resilient financial markets help monetary policy transmission as well as in allocation and absorption of risks entailed in financing India’s growth.

Withdrawn with effect from November 16, 2021, February 18, 2022, May 02, 2022, May 13, 2022, May 21, 2024, July 12, 2024 & October 01, 2024

Feb 18, 2026
Unique Transaction Identifier for OTC Derivative Transactions [These directions have been superseded by Master Direction - Reserve Bank of India (Unique Identifiers in Financial Markets) Directions, 2026]PDF - Unique Transaction Identifier for OTC Derivative Transactions  [These directions have been superseded by Master Direction - Reserve Bank of India (Unique Identifiers in Financial Markets) Directions, 2026]
Oct 18, 2024
Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2024 [These directions have been superseded by Master Direction - Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2025]PDF - Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2024  [These directions have been superseded by Master Direction - Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2025]
Jun 01, 2022
Master Direction – Reserve Bank of India (Variation Margin) Directions, 2022 [These directions have been superseded by Master Direction – Reserve Bank of India (Margining for Non-Centrally Cleared OTC Derivatives) Directions, 2024]PDF - Master Direction – Reserve Bank of India (Variation Margin) Directions, 2022  [These directions have been superseded by Master Direction – Reserve Bank of India (Margining for Non-Centrally Cleared OTC Derivatives) Directions, 2024]
Feb 10, 2022
Transactions in Credit Default Swap (CDS) by Foreign Portfolio Investors – Operational Instructions [superseded by Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2026]PDF - Transactions in Credit Default Swap (CDS) by Foreign Portfolio Investors – Operational Instructions  [superseded by Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2026]
Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2022 (Updated as on January 01, 2025) [superseded by Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2026]PDF - Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2022 (Updated as on January 01, 2025)  [superseded by Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2026]
Mar 27, 2020
Legal Entity Identifier: Extension of deadline [These directions have been superseded by Master Direction - Reserve Bank of India (Unique Identifiers in Financial Markets) Directions, 2026]PDF - Legal Entity Identifier: Extension of deadline  [These directions have been superseded by Master Direction - Reserve Bank of India (Unique Identifiers in Financial Markets) Directions, 2026]
Jun 26, 2019
Financial Benchmark Administrators (Reserve Bank) Directions, 2019 [These directions have been superseded by Reserve Bank of India (Financial Benchmark Administrators) Directions, 2023]PDF - Financial Benchmark Administrators (Reserve Bank) Directions, 2019  [These directions have been superseded by Reserve Bank of India (Financial Benchmark Administrators) Directions, 2023]
Apr 26, 2019
Legal Entity Identifier: Extension of deadline [These directions have been superseded by Master Direction - Reserve Bank of India (Unique Identifiers in Financial Markets) Directions, 2026]PDF - Legal Entity Identifier: Extension of deadline  [These directions have been superseded by Master Direction - Reserve Bank of India (Unique Identifiers in Financial Markets) Directions, 2026]
Oct 05, 2018
The Electronic Trading Platforms (Reserve Bank) Directions, 2018 [These directions have been superseded by Master Direction – Reserve Bank of India (Electronic Trading Platforms) Directions, 2025]PDF - The Electronic Trading Platforms (Reserve Bank) Directions, 2018  [These directions have been superseded by Master Direction – Reserve Bank of India (Electronic Trading Platforms) Directions, 2025]
Apr 27, 2018
External Commercial Borrowings (ECB) Policy – Rationalisation and LiberalisationPDF - External Commercial Borrowings (ECB) Policy – Rationalisation and Liberalisation
Oct 12, 2017
Exim Bank's Government of India supported Line of Credit of USD 1 billion to the Government of MongoliaPDF - Exim Banks Government of India supported Line of Credit of USD 1 billion to the Government of Mongolia
Jun 01, 2017
Introduction of Legal Entity Identifier for OTC derivatives markets [These directions have been superseded by Master Direction - Reserve Bank of India (Unique Identifiers in Financial Markets) Directions, 2026]PDF - Introduction of Legal Entity Identifier for OTC derivatives markets  [These directions have been superseded by Master Direction - Reserve Bank of India (Unique Identifiers in Financial Markets) Directions, 2026]
Jul 16, 2015
Foreign Investment in India by Foreign Portfolio InvestorsPDF - Foreign Investment in India by Foreign Portfolio Investors
Apr 23, 2012
Guidelines on Credit Default Swaps (CDS) for Corporate Bonds-Permitting All India Financial InstitutionsPDF - Guidelines on Credit Default Swaps (CDS) for Corporate Bonds-Permitting All India Financial Institutions
Oct 20, 2011
Introduction of Credit Default Swaps for Corporate Bonds: Date for Operationalisation ChangedPDF - Introduction of Credit Default Swaps for Corporate Bonds: Date for Operationalisation Changed
May 02, 2011
Pledge of shares for business purposesPDF - Pledge of shares for business purposes
Mar 24, 2009
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSRPDF - Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India  and erstwhile USSR
Nov 05, 2003
Primary Dealers' Access to Call/Notice Money MarketPDF - Primary Dealers Access to Call/Notice Money Market

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