Indian corporate bonds nowhere near perfection

The Reserve Bank of India, in a recent working group paper on corporate bonds said that the bond market "complements a sound banking system as an alternate source of finance to the real sector for its long term needs. These bonds support in diversification of risks in the financial system."

Indian corporate bonds nowhere near perfection
In 2014 - 15, corporate bond issuance was up 236% from 1.74 lakh crore seen in the 2008-09 recession year to Rs 4.14 lakh crore. Photo: Pixabay

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