Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2024

Current Context: The Reserve Bank of India (RBI) issued the Access Criteria for NDS-OM Directions, 2024 on October 18, 2024.

• These directions revise the access criteria for the Negotiated Dealing System-Order Matching (NDS-OM) platform, expanding direct access to a broader range of regulated entities such as banks, non-banking financial companies, mutual funds, and pension funds.
• The process for seeking access has been streamlined, and entities can now apply through updated procedures.
• The new guidelines aim to enhance transparency and efficiency in government securities transactions.

Question:

1 As per the revised Access Criteria for the NDS-OM Directions, 2024, which of the following entities is newly eligible for direct access to the NDS-OM platform?

• A) Private individuals
• B) International banks
• C) Private investment groups
• D) Non-banking financial companies (NBFCs)

Answer: D) The new guidelines expand access to include a broader range of regulated entities, such as NBFCs, along with banks, mutual funds, and pension funds.