Permitting trading rules for infra bonds will not deepen markts: RBI
In July, the central bank had allowed long-term bonds raised by banks
for infrastructure lending to be exempted from mandatory reserve
requirements.
Suvashree Dey Choudhury- Mumbai,
- Updated Aug 20, 2014 3:28 PM IST
Photo: Reuters
Allowing the trading of bonds issued for infrastructure lending will not help deepen debt markets, newly appointed Reserve Bank of India Deputy Governor S.S. Mundra said on Wednesday.
Last month, RBI had said that trading of such bonds was not permitted.
In July, the central bank had allowed long-term bonds raised by banks for infrastructure lending to be exempted from mandatory reserve requirements.
(Reuters)
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Published on: Aug 20, 2014 2:23 PM IST