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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     Last Updated: August 20, 2014  | 15:28 IST
Trading rules for infra bonds won't help: RBI
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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