Mumbai, June 26 -- In pursuance of the announcement made in the Union Budget for FY 2026-27, 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. The feedback received on the draft directions has been examined and consequent modifications have been suitably incorporated in the final Master Directions.

The Reserve Bank of India (RBI) on Thursday noted that under the Reserve Bank of India (Credit Derivatives) Directions, 2026, resident non-retail users will be permitted to buy and sell credit protection through both Credit Default S...