FSDC reviews major impact on global/ domestic economy and financial markets
A meeting of the Sub-Committee of the Financial Stability and Development Council (FSDC) was held today (January 13, 2021) in Mumbai through video conference. RBI Governor Shri Shaktikanta Das, chaired the meeting. In the meeting, topics of the major impact on global and domestic economy as well as financial financial stability were discussed. The following…
Read article
IFSC facilitates LRS remittances besides across the border financial products and financial services
International Financial Services Centre (IFSC) caters to customers outside the jurisdiction of the domestic economy dealing with flows of finance, financial products and services across borders. It is also known as an offshore financial centre since it deals with the flow of finance, financial products and services across borders. IFSC set up in India can…
Read article
Understanding Foreign Currency Convertible Bonds (FCCBs): A Hybrid Capital-Raising Instrument
Foreign Currency Convertible Bonds (FCCBs) are hybrid financial instruments that combine features of both debt and equity. Issued by companies seeking to raise capital from international markets, FCCBs are denominated in a foreign currency and offer investors the option to convert their holdings into equity shares of the issuing company under specified conditions. Key Features…
Read article Role of FEDAI (Foreign Exchange Dealers’ Association of India) and FEDAI rules
The Foreign Exchange Dealers’ Association of India (FEDAI) was established in 1958 as an association of banks dealing in foreign exchange in India—commonly referred to as Authorised Dealers (ADs). FEDAI operates as a self-regulatory body and is incorporated under Section 25 of the Companies Act, 1956 (now Section 8 of the Companies Act, 2013). FEDAI’s…
Read article
Overview: FEDAI with Other Regulatory Organisations in India
With the increasing globalization of financial markets and ongoing deregulation, the role of self-regulatory organizations like FEDAI has evolved significantly. Today, FEDAI plays a catalytic role in ensuring the smooth functioning of India’s foreign exchange markets by fostering collaboration among key stakeholders, including: Here is a structured comparison of FEDAI with other key financial market…
Derivative Products in India: RBI and FEDAI Guidelines
IntroductionDerivatives are critical financial instruments used for hedging, speculation, and risk management. In India, the regulatory framework for derivative products is governed by the Reserve Bank of India (RBI) and supported by the Foreign Exchange Dealers’ Association of India (FEDAI). In January 2022, the RBI issued updated Master Directions on OTC derivatives, establishing a modern…
Read article