RBI sets up new panel to strengthen financial market ties

The RBI has constituted the Technical Consultative Committee for Financial Markets (TCCFM) to engage with market participants on policy and operational matters across money, government securities, forex, and derivatives markets. The panel, chaired by the Deputy Governor, includes seven external members from SEBI, SBI, Axis Bank, ICICI Bank, Citibank, CCIL, and Morgan Stanley. It will meet quarterly.