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Revving Up the Bond Market

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In the final stretch of his tenure as governor of the Reserve Bank of India (RBI), Raghuram Rajan chose to make one more effort at revving up India’s bond markets. A number of measures aimed at galvanising the debt market, culled out of past studies and extended by the H R Khan Committee set up under Rajan, have been announced. These measures have also been welcomed by all those who see the absence of a vibrant corporate bond market as a major weakness of the Indian financial structure.

Source of Long-term Capital

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I have had a career that has spanned investment banking, public policy, and academia, in the early phase of my working life.

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