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Bond markets outstrip bank credit growth
The financial regulators have to open up their space in a bigger way for developing a vibrant debt market in India in the next three years, suggest experts from the securities market.
Hyderabad: The financial regulators have to open up their space in a bigger way for developing a vibrant debt market in India in the next three years, suggest experts from the securities market. The bond market is witnessing an encouraging growth rate as it’s surpassed bank credit growth, said G Mahalingam, whole-time member at Sebi.
- Govt to tap bond market for long term finance: Sebi official
He was speaking at a seminar on bonds market organised by Assocham here on Wednesday. Mahalingam said: “Bank deposit growth this year is almost close to about 10 per cent and reached to Rs 105 lakh crore mark, while the bank credit grew by an abysmal 4.8 per cent to about Rs 73 lakh crore.
When compared with this with bond market, it has really grown by leaps and bounds.” He further said that infusing some amount of secondary market liquidity could help attract retail investors to enter the corporate bonds’ space. The Centre is planning to promote bond market for raising funds as banks are not the vehicles for long term finance.
