RBI establishes financial markets panel under Deputy Governor Jain

The Reserve Bank of India has constituted a financial markets consultative panel to enhance dialogue with market participants on critical issues affecting India's financial system. Deputy Governor Rohit Jain will chair the committee, which is tasked with addressing challenges and opportunities across multiple market segments.

The panel will focus on four primary areas of engagement: policy matters, liquidity management, market resilience, and operational infrastructure. Its scope encompasses the money market, government securities market, foreign exchange market, and derivative markets—key segments that form the backbone of India's financial infrastructure.

The formation of the consultative panel reflects the RBI's commitment to maintaining closer coordination with market participants and stakeholders. By creating a formal mechanism for dialogue, the central bank aims to gather insights from market operators on regulatory and operational issues that could impact market functioning and stability.

Such consultative forums enable the RBI to take a more nuanced approach to policy-making by incorporating feedback from those operating at the frontlines of financial markets. The panel is expected to facilitate smoother implementation of RBI initiatives while identifying emerging challenges that require regulatory attention.