Skip to content
Free updates Login
SSCBankingNABARD / RBI

CCIL: Role, Platforms and Rupee Internationalisation Push

22 September 20251 min read
ECONOMYCCIL: Role, Platformsand RupeeInternationalisationPush22 September 2025safalsetu.com

Why in the news

The Governor asked CCIL to build trading and settlement systems for other currency pairs, backing rupee internationalisation.

Background

  • Set up April 2001 after the Sodhani Committee (1995).
  • Promoters: SBI, LIC, BoB, IDBI, HDFC Bank, ICICI Bank.
  • First chairman: R.H. Patil.
  • Followed the 1997 East Asian crisis.

Roles

  • Central Counterparty for G-secs, forex, money markets, OTC derivatives; guarantees settlement through novation.
PlatformRole
NDS-OMGovernment bond trading
PDO-NDSElectronic G-sec bidding
FX-RetailForex for individuals and MSMEs
Retail DirectRetail G-sec access; minimum ₹10,000

Exam angle

  • First chairman R.H. Patil.
  • NDS-OM is the main bond platform.

Test yourself

1. The RBI Governor asked CCIL to build infrastructure for which new need?

The aim is to support rupee internationalisation via other currency pairs.

2. Who was the first chairman of CCIL, according to the notes?

R.H. Patil, founder of NSE, was the first chairman.

3. Which CCIL platform is the main venue for government bond trading?

NDS-OM is the primary platform for government bond trading.

This topic is part of Daily Current Affairs 21 & 22 September 2025 (16 topics).

All topics of the dayDay quizSeptember 2025

Read more