The irony of a 1.35-billion strong country with a vibrant stock market but no place in the bond indices would hopefully end early next year.
The backstop facility will also be available during non-stress times
A 100% allocation in any single category of funds, be it debt or equity, can be detrimental and might result in hefty losses
The domestic covered bond market is still in its early stages, with the first issue occurring in FY2019
In a written reply to the Lok Sabha, Nirmala Sitharaman said the government has taken various steps to develop the bond market with a view to facilita
He also noted that expanding the investor base with preference for lower rated corporate bonds is required for further deepening of the corporate bond