RBI On Developmental & Regulatory Policies
📌 Mandatory loan component in working capital facilities.
📌 Not necessary to activate counter cyclical capital buffer at this point.
📌 All payments systems data will be stored only in India, companies required to ensure compliance within 6 months.
📌 RBI proposes to permit NRIs to invest in rupee interest rate swaps.
📌 With immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling virtual currencies.
📌 RBI proposes to permit interest rate swaptions in rupees so as to enable better timing flexibility for those seeking to hedge interest rate risk.