The Reserve Bank of India (RBI) and Securities & Exchange Board of India (Sebi) are holding consultations on the introduction of bond derivatives, Sebi Chairman Tuhin Kanta Pandey said at the SBI Banking and Economics Conclave on Thursday.

“For the corporate bond market , our way forward will be to make debt instruments more attractive for retail,” he said. Pandey pointed out that the outstanding bank credit to industry and services stand at Rs 91 trillion while outstanding corporate bonds stand at Rs 54 trillion, highlighting a primary challenge and greatest opportunity.

“Deepening our equity, bond and alternative investment market is imperative to diversify and provide an alternate source of funding for our ambitions,” he added.

He also noted that the market regulator has floate

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