This content is restricted.
Brief
Summary
The Reserve Bank of India (RBI) has announced various policy measures to develop and regulate financial markets, regulations, and payment systems. Key highlights include:
Permitted eligible foreign investors in the International Financial Services Centre (IFSC) to invest in Sovereign Green Bonds (SGrBs)
Introduction of a mobile app for RBI Retail Direct Scheme, allowing individual investors to buy and sell government securities
Review of Liquidity Coverage Ratio (LCR) framework to better manage liquidity risk
Allowing Small Finance Banks to deal in rupee interest derivative products
Enabling Cash Deposit Machines to accept cash deposits through UPI
Allowing Prepaid Payment Instruments (PPIs) to make UPI payments through third-party applications
* Distributing Central Bank Digital Currencies (CBDCs) through non-bank payment system operators
These measures aim to promote financial inclusion, improve ease of access, and facilitate advanced transactions in India's financial system.
Highlights content goes here...
This content is restricted.
RADA.AI
Hello! I'm RADA.AI - Regulatory Analysis and Decision Assistance. Your Intelligent guide for compliance and decision-making. How can i assist you today?
Suggested
