RBI Sets Up Working Group to Review Financial Market Timings
| Topic | Details |
|---|---|
| Why in News? | RBI has set up a nine-member Working Group to review trading and settlement timings across regulated financial markets. The group, chaired by Radha Shyam Ratho (RBI Executive Director), will assess market timings, identify challenges, and recommend improvements. The final report is due by April 30, 2025. |
| Chairperson of the Working Group | Radha Shyam Ratho, Executive Director, RBI |
| Other Key Members | Ravi Ranjan (SBI), Lalit Tyagi (Bank of Baroda), Ashish Parthasarthy (HDFC Bank), Parul Mittal Sinha (Standard Chartered Bank), Ashwani Sindhwani (FEDAI), Ravindranath Gandrakota (FIMMDA), Shailendra Jhingan (PDAI), Dimple Bhandia (RBI) |
| Key Focus Areas | Reviewing market timings, studying global benchmarks, assessing liquidity and price transmission, recommending changes |
| Previous RBI Initiative on Market Timings | 2018: RBI formed an internal group to review timings; 2019: Report published with recommendations |
| Final Report Due Date | April 30, 2025 |
| Regulated Markets Under Review | Banking, Forex, Securities, Derivatives, Payment Systems |
| Headquarters of RBI | Mumbai, Maharashtra |