The RBI will let non-residents participate in the interest rate swap markets, introduce a mandatory loan component in working capital finance and allow rupee 'swaptions'
The Reserve Bank of India has released futher guidelines around hedging, this time simplifying hedges under US$30 million in a move to improve access for SMEs.
The RBI amends rules to allow IBUs to offer various financial products. The changes mean companies won’t have to go abroad to access buyer credits, an expert says.
India’s central bank grants licences for the new category of ‘payments bank’ to enable non-financial corporations to target individuals without bank accounts.