At the auction of state development loans or state government securities, seven states raised Rs 15,900 crore, as Maharashtra accepted an additional R
Earlier many had the notion that only banks, financial institutions, insurance companies and big companies investment in these instruments. But now an
Though the window has been created for retail investors to participate in government securities market, they may not feel enthused since yields are ri
The decision was taken after a review of the current liquidity and financial conditions, the RBI said
He also noted that expanding the investor base with preference for lower rated corporate bonds is required for further deepening of the corporate bond
The central bank hopes the move will allow greater depth to the gilt market in particular and the overall debt market in general.