Introduction to Novation in OTC Derivatives Contracts The Reserve Bank of India has introduced a significant regulatory framework through the Draft Reserve Bank of India (Novation of OTC Derivative Contracts) Directions, 2025, which was released on July 9, 2025, under Section 45W of the Reserve Bank of India Act, 1934.[1] This development marks a crucial […] The post RBI’s New Directions for Novation of OTC Derivative Contracts appeared first on Bhatt & Joshi Associates.
