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RBI Updates Access Criteria for its NDS-OM Electronic Trading Platform.

Banking & Finance | Dated: 30 Oct 2024

The Reserve Bank of India (RBI) has broadened direct access to its Negotiated Dealing System-Order Matching (NDS-OM) electronic trading platform for a wider range of Regulated Entities (REs), including Regional Rural Banks (RRBs), Local Area Banks (LABs), and Non-Banking Finance Companies (NBFCs), such as Housing Finance Companies (HFCs), among others.

🎯 Key Highlights:

  • - Under the revised guidelines, these entities can either obtain direct access, allowing them to execute transactions independently on the NDS-OM platform, or opt for indirect access by collaborating with an entity that holds direct access.

💡 Other Important Facts:

  • (i) RBI issued these directions using the authority granted under section 45W of the RBI Act, 1934, in conjunction with section 45U of the same Act.
  • (ii) RBI issued these directions using the authority granted under section 45W of the RBI Act, 1934, in conjunction with section 45U of the same Act.

📚 Test Your Knowledge:

What platform's access criteria has the RBI recently updated?

Correct Answer: NDS-OM Electronic Trading Platform

🚀 Quick Recap:

About RBI

  • CEO : Shaktikanta Das
  • Headquarter : Mumbai