RBI fixes Rs 300 cr networth criteria for entities applying for central counterparty

  • Posted on October 28, 2024
  • By Business News Today
  • 1 Views
RBI fixes Rs 300 cr networth criteria for entities applying for central counterparty

The Reserve Bank of India set a minimum networth of Rs 300 crore for entities seeking authorisation as Central Counterparties (CCP). The RBI updated its 2019 norms, requiring CCPs to be public companies limited by shares. Foreign CCPs must seek RBI approval for operations in India. An independent regulatory compliance committee is also mandated.
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