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ARTICLE · 25 APRIL 2025

AKP Banking & Finance Digest April 21, 2025

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We are delighted to share this week's AKP Banking & Finance Weekly Digest. Please feel free to write to us with your feedback at [email protected]. We shall now be hosting our weekly updates...

IndiaFinance and Banking
Anuroop Omkar
Anuroop Omkar

1. Regulatory Updates

1.1. India

Reserve Bank of India (RBI)

1.1.1. RBI updates master direction on Risk Management and Inter-Bank Dealings

The Reserve Bank of India ("RBI") has amended the Master Direction – Risk Management and Inter-Bank Dealings to update provisions for Standalone Primary Dealers ("SPD") and improve reporting standards for Over the Counter (OTC) foreign exchange derivative contracts. Key updates include aligning SPD provisions with the Foreign Exchange Management Act, 1999 and revising definitions and reporting requirements to enhance transparency. The amendments aim to clarify terminology, streamline compliance, and strengthen regulatory oversight across authorised dealer categories. RBI

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