Reserve Bank of India (Credit Derivatives) Directions, 2026
RBI press-release 2026-2027/550 · 25 Jun 2026
Official title
RBI issues Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2026
RBI press-release 2026-2027/550 · 25 Jun 2026
Official title
RBI issues Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2026
Summary
Check the official recordThe Reserve Bank of India issues the Master Direction on Credit Derivatives. This action follows the Union Budget for FY 2026-27 and the Statement on Developmental and Regulatory Policies from February 06, 2026. The directions enable the introduction of derivatives on credit indices. They also enable total return swaps on corporate bonds. The Reserve Bank of India incorporates modifications based on feedback from market participants and stakeholders. The final Master Direction is effective from June 25, 2026.
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Key dates
Who is affected
June 25, 2026
RBI issues Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2026
In pursuance of the announcement made in the Union Budget for FY 2026-27 and as stated in the Statement on Developmental and Regulatory Policies dated February 06, 2026, to enable the introduction of derivatives on credit indices and total return swaps on corporate bonds, the Reserve Bank of India had issued Draft Directions on February 6, 2026, seeking feedback from market participants, stakeholders and other interested parties.
(Brij Raj) Press Release: 2026-2027/550 Chief General Manager
ᮧेस ᮧकाशनी PRESS RELEASE
भारतीय ᳯरज़वर् बᱹक
RESERVE BANK OF INDIA
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