ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Neglect of the Commercial Bond Market

The extensive developments in the financial architecture have benefited the equity and gilt-edged markets but the corporate bond market continues to be excluded. Although the development of this bond market is essential for mobilisation of the vast funds required for infrastructure, many important recommendations such as those of the R H Patil Committee remain unimplemented. Urgent steps must be taken to create the right enabling environment for primary issues for corporate bonds and to establish the infrastructure for secondary market transactions.

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