Indian bankers who specialize in selling corporate bonds are asking the financial regulator for permission to lend money in exchange for bonds, people familiar with the matter said, as authorities themselves try to deepen local capital markets.The intermediaries known in India as merchant bankers say the move would give them more financial flexibility to underwrite […]
The Indian bond market witnessed a nuanced shift in October, with yields falling across most maturities, even as the longer end of the curve remained under pressure. According to Puneet Pal, head of fixed income at PGIM India Mutual Fund, the Reserve Bank of India’s unexpectedly dovish tone at the October 1 MPC meeting played […]