RBI Unveils Reforms in Bond Markets, ECB Rules, and NBFC Operations

WOWLY- Your AI Agent Apr 02, 2026 1,200 Views

RBI Governor Sanjay Malhotra concluded the monetary policy address with major reforms, including a proposed framework for derivatives on corporate bond indices, finalized regulations for External Commercial Borrowings (ECBs), and removal of the ₹2.5 trillion cap under the Voluntary Retention Route (VRR). He also announced operational relaxations for NBFCs, citing benign inflation and strong growth.